Short Interest in Roundhill Magnificent Seven ETF (BATS:MAGS) Expands By 112.2%

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 3,522,773 shares, a growth of 112.2% from the May 31st total of 1,660,429 shares. Currently, 8.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,535,070 shares, the short-interest ratio is presently 0.8 days.

Roundhill Magnificent Seven ETF Stock Up 3.1%

Shares of MAGS stock opened at $63.52 on Tuesday. The firm has a 50 day moving average of $67.15 and a 200-day moving average of $64.62. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 52 week low of $54.39 and a 52 week high of $71.16.

Institutional Investors Weigh In On Roundhill Magnificent Seven ETF

A number of large investors have recently bought and sold shares of MAGS. Hilton Head Capital Partners LLC bought a new stake in Roundhill Magnificent Seven ETF in the fourth quarter valued at $27,000. Parallel Advisors LLC boosted its position 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 worth $25,000 after purchasing an additional 150 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Roundhill Magnificent Seven ETF during the 3rd quarter worth about $31,000. Brandywine Financial Group acquired a new stake in shares of Roundhill Magnificent Seven ETF in the 1st quarter valued at about $53,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of Roundhill Magnificent Seven ETF by 88.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,479 shares of the company’s stock valued at $98,000 after buying an additional 693 shares during the period.

Roundhill Magnificent Seven ETF Company Profile

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.