Roundhill Magnificent Seven ETF Sees Unusually High Options Volume (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of unusually large options trading activity on Monday. Traders bought 27,198 call options on the stock. This represents an increase of approximately 91% compared to the typical volume of 14,276 call options.

Roundhill Magnificent Seven ETF Stock Performance

BATS:MAGS traded up $2.56 during midday trading on Monday, reaching $68.52. 5,412,603 shares of the stock traded hands, compared to its average volume of 4,200,229. The stock has a market capitalization of $3.00 billion, a PE ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 12-month low of $55.08 and a 12-month high of $71.16. The business has a 50-day moving average of $66.03 and a two-hundred day moving average of $64.46.

Institutional Trading of Roundhill Magnificent Seven ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its holdings in shares of Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in Roundhill Magnificent Seven ETF during the 4th quarter worth $27,000. Sunbelt Securities Inc. purchased a new position in Roundhill Magnificent Seven ETF during the 3rd quarter worth $31,000. Brandywine Financial Group acquired a new position in Roundhill Magnificent Seven ETF during the 1st quarter valued at about $53,000. Finally, Murphy & Mullick Capital Management Corp increased its position in 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 buying an additional 450 shares in the last quarter.

About Roundhill Magnificent Seven ETF

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.