Roundhill Magnificent Seven ETF (BATS:MAGS) Short Interest Down 42.8% in April

Roundhill Magnificent Seven ETF (BATS:MAGS) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,621,279 shares, a decline of 42.8% from the April 15th total of 4,579,645 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average daily volume of 3,892,687 shares, the days-to-cover ratio is presently 0.7 days.

Roundhill Magnificent Seven ETF Stock Down 0.5%

MAGS stock opened at $69.46 on Tuesday. The company has a market cap of $3.04 billion, a PE ratio of 35.22 and a beta of 1.31. The business has a 50-day simple moving average of $63.12 and a 200 day simple moving average of $64.55. Roundhill Magnificent Seven ETF has a 52 week low of $50.77 and a 52 week high of $71.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp raised its stake 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 purchasing an additional 42,741 shares in the last quarter. Marshall Wace LLP raised its stake in Roundhill Magnificent Seven ETF by 101.3% in the third quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock valued at $33,709,000 after purchasing an additional 261,587 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Roundhill Magnificent Seven ETF during the 2nd quarter worth $3,768,000. Advisory Services Network LLC lifted 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 buying an additional 25,733 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted 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 buying an additional 1,846 shares during the last quarter.

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.