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

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 32,749 shares, a drop of 68.2% from the June 15th total of 103,011 shares. Approximately 12.1% of the shares of the company are short sold. Based on an average daily volume of 84,608 shares, the days-to-cover ratio is currently 0.4 days.

Roundhill Magnificent Seven Covered Call ETF Price Performance

MAGY traded down $0.03 during midday trading on Friday, hitting $43.21. 51,184 shares of the company were exchanged, compared to its average volume of 99,632. The company’s 50 day simple moving average is $45.01 and its 200 day simple moving average is $47.52. Roundhill Magnificent Seven Covered Call ETF has a 1-year low of $40.86 and a 1-year high of $58.34.

Institutional Trading of 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 Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm 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.