Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) Sees Significant Growth in Short Interest

Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 58,420 shares, an increase of 140.5% from the September 15th total of 24,291 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily trading volume, of 46,272 shares, the short-interest ratio is currently 1.3 days.

Roundhill Daily 2X Long Magnificent Seven ETF Stock Performance

MAGX stock opened at $65.86 on Wednesday. Roundhill Daily 2X Long Magnificent Seven ETF has a 52-week low of $38.72 and a 52-week high of $66.62. The stock’s fifty day simple moving average is $59.12 and its 200-day simple moving average is $55.51.

Roundhill Daily 2X Long Magnificent Seven ETF Company Profile

The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds aiming to achieve 2x the return, for a single day, of the Roundhill Magnificent Seven ETF (MAGS) through derivative instruments such as swaps. MAGX was launched on Feb 29, 2024 and is issued by Roundhill.