Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Short Interest Up 128.1% in June

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,293,954 shares, an increase of 128.1% from the May 31st total of 567,178 shares. Currently, 38.6% of the company’s shares are sold short. Based on an average daily volume of 2,628,964 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors 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 stake in shares of Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 at the end of the most recent reporting period.

Leverage Shares 2X Long ARM Daily ETF Price Performance

Shares of ARMG stock traded up $2.50 during trading hours on Monday, reaching $37.60. The company’s stock had a trading volume of 1,040,889 shares, compared to its average volume of 1,586,437. Leverage Shares 2X Long ARM Daily ETF has a one year low of $4.64 and a one year high of $65.95. The firm’s fifty day simple moving average is $32.25 and its 200 day simple moving average is $16.00.

Leverage Shares 2X Long ARM Daily ETF Company Profile

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.