Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Sees Large Decline in Short Interest

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 32,749 shares, a decrease of 68.2% from the June 15th total of 103,011 shares. Based on an average trading volume of 84,608 shares, the short-interest ratio is currently 0.4 days. Currently, 12.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Roundhill Magnificent Seven Covered Call ETF

An institutional investor recently bought a new stake in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC purchased a new stake in shares of Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned about 0.78% of Roundhill Magnificent Seven Covered Call ETF as of its most recent filing with the Securities & Exchange Commission.

Roundhill Magnificent Seven Covered Call ETF Stock Down 0.1%

Roundhill Magnificent Seven Covered Call ETF stock traded down $0.03 during mid-day trading on Friday, reaching $43.21. 51,184 shares of the company were exchanged, compared to its average volume of 99,632. The business has a fifty day moving average of $45.01 and a 200 day moving average of $47.52. Roundhill Magnificent Seven Covered Call ETF has a 12-month low of $40.86 and a 12-month 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.