Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Sees Significant Decrease in Short Interest

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMGGet Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 787,683 shares, a decrease of 39.1% from the June 15th total of 1,293,954 shares. Based on an average daily volume of 1,585,917 shares, the days-to-cover ratio is currently 0.5 days. Approximately 23.9% of the company’s stock are short sold.

Leverage Shares 2X Long ARM Daily ETF Price Performance

NASDAQ ARMG opened at $21.19 on Thursday. The company has a fifty day simple moving average of $36.04 and a 200 day simple moving average of $18.13. Leverage Shares 2X Long ARM Daily ETF has a 12-month low of $4.64 and a 12-month high of $65.95.

Institutional Investors Weigh In On Leverage Shares 2X Long ARM Daily ETF

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

Leverage Shares 2X Long ARM Daily ETF Company Profile

(Get Free Report)

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.

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