Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Sees Significant Decline in Short Interest

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 20,212 shares, a drop of 81.3% from the April 30th total of 108,109 shares. Currently, 7.5% of the company’s stock are sold short. Based on an average daily trading volume, of 70,556 shares, the short-interest ratio is currently 0.3 days.

Roundhill Magnificent Seven Covered Call ETF Stock Up 0.8%

MAGY stock opened at $47.36 on Thursday. The business has a 50 day moving average of $46.02 and a 200-day moving average of $49.81. Roundhill Magnificent Seven Covered Call ETF has a 12-month low of $43.01 and a 12-month high of $58.34.

Hedge Funds Weigh In On Roundhill Magnificent Seven Covered Call ETF

A hedge fund recently bought a new stake in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC purchased a new stake in shares of Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned 0.78% of Roundhill Magnificent Seven Covered Call ETF as of its most recent filing with the Securities & Exchange Commission.

About Roundhill Magnificent Seven Covered Call ETF

Roundhill ETF Trust – Roundhill Magnificent Seven Covered Call ETF is an exchange traded fund launched and managed by Roundhill Financial Inc The fund is co-managed by Exchange Traded Concepts, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.