Stock Traders Purchase Large Volume of Call Options on Roundhill Magnificent Seven ETF (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of unusually large options trading on Friday. Investors bought 39,474 call options on the company. This represents an increase of 471% compared to the typical volume of 6,916 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new position in Roundhill Magnificent Seven ETF during the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new position in Roundhill Magnificent Seven ETF during the 3rd quarter worth approximately $31,000. GoalVest Advisory LLC bought a new position in Roundhill Magnificent Seven ETF during the 3rd quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new position in Roundhill Magnificent Seven ETF during the 3rd quarter worth approximately $51,000. Finally, Strategic Blueprint LLC bought a new position in Roundhill Magnificent Seven ETF during the 4th quarter worth approximately $347,000.

Roundhill Magnificent Seven ETF Price Performance

Shares of BATS MAGS traded up $1.31 during mid-day trading on Friday, hitting $66.62. The company’s stock had a trading volume of 1,870,421 shares, compared to its average volume of 4,187,867. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a one year low of $40.58 and a one year high of $69.14. The company’s fifty day simple moving average is $60.85 and its 200-day simple moving average is $64.13.

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.