Short Interest in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Drops By 81.3%

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 shares are sold short. Based on an average daily trading volume, of 70,556 shares, the short-interest ratio is presently 0.3 days.

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 acquired a new stake in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 SEC filing.

Roundhill Magnificent Seven Covered Call ETF Trading Down 0.2%

Shares of MAGY stock traded down $0.10 on Friday, reaching $47.55. 61,055 shares of the stock were exchanged, compared to its average volume of 107,139. The stock has a 50 day moving average price of $46.03 and a 200 day moving average price of $49.73. Roundhill Magnificent Seven Covered Call ETF has a one year low of $43.01 and a one year high of $58.34.

Roundhill Magnificent Seven Covered Call ETF Company Profile

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.