Roundhill Magnificent Seven ETF (BATS:MAGS) Short Interest Update

Roundhill Magnificent Seven ETF (BATS:MAGS) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 3,522,773 shares, a growth of 112.2% from the May 31st total of 1,660,429 shares. Currently, 8.0% of the shares of the stock are sold short. Based on an average daily volume of 4,535,070 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Roundhill Magnificent Seven ETF

A number of large investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp lifted its holdings in shares of Roundhill Magnificent Seven ETF by 2.9% during 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 acquiring an additional 42,741 shares during the period. Marshall Wace LLP grew its holdings in shares of Roundhill Magnificent Seven ETF by 101.3% in the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after purchasing an additional 261,587 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Roundhill Magnificent Seven ETF in the 2nd quarter worth about $3,768,000. Advisory Services Network LLC increased its position in shares of Roundhill Magnificent Seven ETF by 169.5% during the 4th quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock worth $2,699,000 after purchasing an additional 25,733 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased 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 purchasing an additional 1,846 shares in the last quarter.

Roundhill Magnificent Seven ETF Trading Up 2.4%

MAGS stock opened at $65.84 on Thursday. Roundhill Magnificent Seven ETF has a 1-year low of $54.73 and a 1-year high of $71.16. The business’s 50 day moving average is $67.11 and its 200-day moving average is $64.59. The firm has a market cap of $2.88 billion, a P/E ratio of 35.22 and a beta of 1.31.

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.