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

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 35,572 shares, a decrease of 36.8% from the July 15th total of 56,301 shares. Based on an average trading volume of 42,373 shares, the days-to-cover ratio is presently 0.8 days. Currently, 13.2% of the company’s shares are short sold.

Roundhill Magnificent Seven Covered Call ETF Price Performance

MAGY opened at $41.44 on Tuesday. Roundhill Magnificent Seven Covered Call ETF has a 1 year low of $39.92 and a 1 year high of $57.67. The company’s 50 day simple moving average is $42.51 and its 200 day simple moving average is $45.54.

Institutional Trading of Roundhill Magnificent Seven Covered Call ETF

A hedge fund recently bought a new position in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC bought a new stake in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned about 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.