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

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 14,844 call options on the stock. This is an increase of approximately 46% compared to the typical daily volume of 10,141 call options.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. J.Safra Asset Management Corp increased its holdings in Roundhill Magnificent Seven ETF by 2.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock valued at $99,614,000 after buying an additional 42,741 shares during the last quarter. Cooksen Wealth LLC lifted its holdings in Roundhill Magnificent Seven ETF by 3.2% during the 1st quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock worth $1,041,000 after buying an additional 557 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Roundhill Magnificent Seven ETF by 22.2% during the 1st quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock worth $117,000 after buying an additional 362 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Roundhill Magnificent Seven ETF by 5.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock worth $1,968,000 after acquiring an additional 1,846 shares in the last quarter. Finally, Hilton Head Capital Partners LLC boosted its position in shares of Roundhill Magnificent Seven ETF by 59.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock worth $38,000 after acquiring an additional 247 shares in the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

MAGS opened at $61.60 on Friday. The stock has a market capitalization of $2.70 billion, a PE ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a one year low of $54.39 and a one year high of $71.16. The business’s 50 day moving average price is $67.19 and its 200 day moving average price is $64.67.

Roundhill Magnificent Seven ETF Company Profile

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.