Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Short Interest Up 329.0% in June

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 103,011 shares, a growth of 329.0% from the May 31st total of 24,012 shares. Based on an average trading volume of 72,754 shares, the short-interest ratio is presently 1.4 days. Currently, 38.2% of the shares of the company are short sold.

Roundhill Magnificent Seven Covered Call ETF Price Performance

BATS:MAGY opened at $41.48 on Monday. Roundhill Magnificent Seven Covered Call ETF has a 52 week low of $40.86 and a 52 week high of $58.34. The firm’s 50-day simple moving average is $45.65 and its 200 day simple moving average is $48.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC purchased a new stake in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned approximately 0.78% of Roundhill Magnificent Seven Covered Call ETF at the end of the most recent quarter.

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.