Short Interest in Roundhill Magnificent Seven ETF (BATS:MAGS) Expands By 112.2%

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of a large growth in short interest in the month of 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 company’s shares are sold short. Based on an average daily volume of 4,535,070 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Roundhill Magnificent Seven ETF

A number of institutional investors have recently bought and sold shares of MAGS. Parallel Advisors LLC grew its holdings in Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares during the period. Hilton Head Capital Partners LLC acquired a new position in shares of Roundhill Magnificent Seven ETF in the 4th quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in shares of Roundhill Magnificent Seven ETF in the 3rd quarter valued at about $31,000. Brandywine Financial Group bought a new stake in shares of Roundhill Magnificent Seven ETF during the 1st quarter valued at about $53,000. Finally, Murphy & Mullick Capital Management Corp boosted its position in shares of Roundhill Magnificent Seven ETF by 36.9% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock valued at $97,000 after purchasing an additional 450 shares in the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

BATS:MAGS opened at $63.52 on Tuesday. Roundhill Magnificent Seven ETF has a 52 week low of $54.39 and a 52 week high of $71.16. The firm’s fifty day moving average is $67.15 and its 200-day moving average is $64.62. The firm has a market cap of $2.78 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.