Traders Buy Large Volume of Call Options on Roundhill Magnificent Seven ETF (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) saw unusually large options trading activity on Wednesday. Stock investors bought 8,811 call options on the stock. This is an increase of 59% compared to the average volume of 5,535 call options.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Hedge funds have recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in shares of Roundhill Magnificent Seven ETF in the fourth quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in Roundhill Magnificent Seven ETF during the 3rd quarter valued at approximately $31,000. GoalVest Advisory LLC purchased a new stake in Roundhill Magnificent Seven ETF in the 3rd quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in Roundhill Magnificent Seven ETF in the 3rd quarter worth approximately $51,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of Roundhill Magnificent Seven ETF in the 2nd quarter worth approximately $56,000.

Roundhill Magnificent Seven ETF Stock Down 0.7%

BATS:MAGS opened at $58.27 on Friday. The company has a fifty day moving average of $61.75 and a 200 day moving average of $64.35. Roundhill Magnificent Seven ETF has a 52 week low of $39.00 and a 52 week high of $69.14. The firm has a market capitalization of $2.55 billion, a P/E ratio of 35.22 and a beta of 1.31.

About Roundhill Magnificent Seven ETF

The Roundhill Magnificent Seven ETF (MAGS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers highly concentrated exposure to the largest and most liquid leading technology stocks. The fund invests primarily through swaps and forwards. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.