Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Sees Significant Growth in Short Interest

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totaling 108,109 shares, an increase of 195.4% from the April 15th total of 36,594 shares. Currently, 40.0% of the company’s stock are short sold. Based on an average trading volume of 84,155 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Roundhill Magnificent Seven Covered Call ETF

An institutional investor recently bought a new position in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC acquired a new stake in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 Price Performance

MAGY stock opened at $47.86 on Friday. The company’s 50-day moving average is $46.17 and its 200-day moving average is $50.44. Roundhill Magnificent Seven Covered Call ETF has a 1 year low of $43.01 and a 1 year 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.