Short Interest in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Grows By 300.9%

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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. The firm 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 reporting period.

Leverage Shares 2X Long ARM Daily ETF Trading Up 20.0%

NASDAQ ARMG traded up $7.78 on Friday, hitting $46.76. The company’s stock had a trading volume of 3,175,103 shares, compared to its average volume of 1,568,196. Leverage Shares 2X Long ARM Daily ETF has a 52-week low of $4.64 and a 52-week high of $63.63. The company’s 50-day simple moving average is $23.48 and its 200 day simple moving average is $12.89.

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.