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

Roundhill Magnificent Seven ETF (BATS:MAGS) saw unusually large options trading on Wednesday. Stock investors acquired 8,811 call options on the stock. This is an increase of 59% compared to the average volume of 5,535 call options.

Roundhill Magnificent Seven ETF Stock Performance

Shares of Roundhill Magnificent Seven ETF stock traded up $0.97 during trading on Wednesday, hitting $58.91. 2,738,135 shares of the stock traded hands, compared to its average volume of 4,164,653. The stock has a market cap of $2.58 billion, a P/E ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a twelve month low of $39.00 and a twelve month high of $69.14. The company has a fifty day moving average price of $61.94 and a two-hundred day moving average price of $64.43.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP lifted 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 acquiring an additional 261,587 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Roundhill Magnificent Seven ETF during the 2nd quarter worth $3,768,000. J.Safra Asset Management Corp raised its holdings in shares of Roundhill Magnificent Seven ETF by 3.4% during the 3rd quarter. J.Safra Asset Management Corp now owns 1,467,479 shares of the company’s stock valued at $95,181,000 after purchasing an additional 47,697 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Roundhill Magnificent Seven ETF during the 4th quarter valued at $1,762,000. Finally, Advisory Services Network LLC lifted its stake in shares of Roundhill Magnificent Seven ETF by 169.5% in the 4th quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock valued at $2,699,000 after purchasing an additional 25,733 shares during the last quarter.

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.