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

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 567,178 shares, an increase of 300.9% from the May 14th total of 141,464 shares. Approximately 16.9% of the company’s shares are short sold. Based on an average trading volume of 2,345,651 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Leverage Shares 2X Long ARM Daily ETF stock. Hollencrest Capital Management acquired a new position in shares of Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 at the end of the most recent reporting period.

Leverage Shares 2X Long ARM Daily ETF Trading Up 21.9%

Shares of ARMG stock opened at $47.52 on Friday. Leverage Shares 2X Long ARM Daily ETF has a 1-year low of $4.64 and a 1-year high of $63.63. The firm’s 50-day simple moving average is $24.23 and its 200-day simple moving average is $13.13.

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.