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 recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,325,156 shares, a growth of 248.1% from the October 15th total of 380,643 shares. Based on an average trading volume of 751,372 shares, the days-to-cover ratio is presently 1.8 days. Approximately 27.0% of the shares of the company are sold short.

Leverage Shares 2X Long ARM Daily ETF Trading Down 11.9%

Leverage Shares 2X Long ARM Daily ETF stock traded down $1.06 during trading hours on Friday, reaching $7.81. 443,782 shares of the stock were exchanged, compared to its average volume of 1,335,695. Leverage Shares 2X Long ARM Daily ETF has a twelve month low of $4.64 and a twelve month high of $65.95. The stock has a 50 day moving average of $15.99 and a two-hundred day moving average of $18.84.

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.