Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Shares Up 9.2% – Still a Buy?

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) shot up 9.2% during mid-day trading on Thursday . The stock traded as high as $24.39 and last traded at $23.01. Approximately 983,186 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 1,464,272 shares. The stock had previously closed at $21.08.

Leverage Shares 2X Long ARM Daily ETF Trading Up 9.2%

The stock has a fifty day moving average of $34.63 and a 200-day moving average of $19.76.

Institutional Trading of Leverage Shares 2X Long ARM Daily ETF

An institutional investor recently bought a new position in Leverage Shares 2X Long ARM Daily ETF stock. Hollencrest Capital Management purchased a new position in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

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.