Roundhill Magnificent Seven ETF (BATS:MAGS – Get Free Report) was the recipient of unusually large options trading on Thursday. Traders acquired 23,132 put options on the stock. This is an increase of approximately 73% compared to the average volume of 13,360 put options.
Roundhill Magnificent Seven ETF Stock Down 0.1%
Shares of Roundhill Magnificent Seven ETF stock opened at $63.15 on Friday. The stock has a market cap of $2.77 billion, a P/E ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 12-month low of $55.08 and a 12-month high of $71.16. The business’s 50 day moving average is $66.58 and its 200-day moving average is $64.54.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of MAGS. Hilton Head Capital Partners LLC bought a new stake in shares of Roundhill Magnificent Seven ETF in the 4th quarter valued at about $27,000. Parallel Advisors LLC lifted its position in shares of Roundhill Magnificent Seven ETF by 51.9% in the first quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Roundhill Magnificent Seven ETF in the third quarter valued at approximately $31,000. Brandywine Financial Group bought a new position in shares of Roundhill Magnificent Seven ETF during the 1st quarter worth approximately $53,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Roundhill Magnificent Seven ETF by 88.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,479 shares of the company’s stock worth $98,000 after acquiring an additional 693 shares during the period.
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.
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