Roundhill Magnificent Seven ETF (BATS:MAGS) Short Interest Update

Roundhill Magnificent Seven ETF (BATS:MAGS) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 2,621,279 shares, a drop of 42.8% from the April 15th total of 4,579,645 shares. Based on an average daily trading volume, of 3,892,687 shares, the days-to-cover ratio is presently 0.7 days. Approximately 6.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Roundhill Magnificent Seven ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MAGS. Marshall Wace LLP raised its stake in Roundhill Magnificent Seven ETF by 101.3% in the third quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock valued at $33,709,000 after buying an additional 261,587 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Roundhill Magnificent Seven ETF in the second quarter valued at about $3,768,000. J.Safra Asset Management Corp raised its stake in Roundhill Magnificent Seven ETF by 3.4% in the third quarter. J.Safra Asset Management Corp now owns 1,467,479 shares of the company’s stock valued at $95,181,000 after buying an additional 47,697 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Roundhill Magnificent Seven ETF in the fourth quarter worth about $1,762,000. Finally, Advisory Services Network LLC raised its stake in shares of Roundhill Magnificent Seven ETF by 169.5% in the fourth quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock worth $2,699,000 after purchasing an additional 25,733 shares during the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

Roundhill Magnificent Seven ETF stock opened at $69.84 on Friday. The stock has a 50-day moving average of $62.97 and a two-hundred day moving average of $64.54. Roundhill Magnificent Seven ETF has a one year low of $50.77 and a one year high of $71.16. The stock has a market cap of $3.06 billion, a PE ratio of 35.22 and a beta of 1.31.

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.