Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Stock Price Up 9.2% – Here’s Why

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

Leverage Shares 2X Long ARM Daily ETF Trading Down 3.0%

The stock’s 50-day simple moving average is $34.19 and its 200-day simple moving average is $19.77.

Institutional Investors Weigh In On 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 acquired a new stake in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,000 shares of the company’s stock, valued at approximately $28,000. Hollencrest Capital Management owned approximately 0.10% of Leverage Shares 2X Long ARM Daily ETF at the end of the most recent reporting period.

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.