Point Bridge America First ETF (NYSEARCA:MAGA) Sees Significant Decrease in Short Interest

Point Bridge America First ETF (NYSEARCA:MAGA) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 109 shares, a decrease of 94.3% from the October 15th total of 1,906 shares. Based on an average trading volume of 786 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Point Bridge America First ETF Trading Down 0.7%

Shares of MAGA stock traded down $0.40 during trading hours on Thursday, hitting $57.19. 3,528 shares of the company were exchanged, compared to its average volume of 1,102. The firm has a fifty day simple moving average of $55.74 and a 200 day simple moving average of $55.46. Point Bridge America First ETF has a 52-week low of $50.21 and a 52-week high of $58.96. The stock has a market capitalization of $31.45 million, a price-to-earnings ratio of 19.67 and a beta of 0.82.

About Point Bridge America First ETF

The Point Bridge America First ETF (MAGA) is an exchange-traded fund that is based on the Point Bridge America First index. The fund tracks an index of US large-cap companies whose employees and political action committees are highly supportive of Republican candidates. MAGA was launched on Sep 6, 2017 and is managed by Point Bridge Capital.