Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Short Interest Down 60.2% in May

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 141,464 shares, a decrease of 60.2% from the April 30th total of 355,114 shares. Based on an average daily volume of 3,359,526 shares, the days-to-cover ratio is currently 0.0 days. Approximately 4.2% of the company’s stock are short sold.

Leverage Shares 2X Long ARM Daily ETF Stock Up 10.8%

Shares of NASDAQ:ARMG opened at $44.36 on Friday. Leverage Shares 2X Long ARM Daily ETF has a twelve month low of $4.64 and a twelve month high of $45.07. The stock’s 50 day moving average is $16.75 and its 200-day moving average is $10.61.

Hedge Funds Weigh In On Leverage Shares 2X Long ARM Daily ETF

A hedge fund recently bought a new stake in Leverage Shares 2X Long ARM Daily ETF stock. Hollencrest Capital Management bought a new position in shares of Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $28,000. Hollencrest Capital Management owned 0.10% of Leverage Shares 2X Long ARM Daily ETF as of its most recent SEC filing.

About Leverage Shares 2X Long ARM Daily ETF

The Leverage Shares 2X Long ARM Daily ETF (ARMG) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of ARM Holdings stock, less fees, and expenses. ARMG was launched on Jan 14, 2025 and is issued by Leverage Shares.