Investors Purchase High Volume of Roundhill Magnificent Seven ETF Call Options (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) saw some unusual options trading on Wednesday. Stock traders purchased 8,811 call options on the company. This represents an increase of approximately 59% compared to the average daily volume of 5,535 call options.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MAGS. J.Safra Asset Management Corp boosted its stake in shares of Roundhill Magnificent Seven ETF by 2.9% during the 4th quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock valued at $99,614,000 after buying an additional 42,741 shares during the period. Marshall Wace LLP increased its stake in shares of Roundhill Magnificent Seven ETF by 101.3% in the third quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after acquiring an additional 261,587 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Roundhill Magnificent Seven ETF during the second quarter worth $3,768,000. Advisory Services Network LLC raised its holdings in shares of Roundhill Magnificent Seven ETF by 169.5% during the fourth quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock worth $2,699,000 after acquiring an additional 25,733 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Roundhill Magnificent Seven ETF by 44.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 32,115 shares of the company’s stock valued at $2,118,000 after purchasing an additional 9,940 shares during the last quarter.

Roundhill Magnificent Seven ETF Stock Performance

Shares of MAGS stock traded up $0.97 on Wednesday, reaching $58.91. 2,738,135 shares of the company’s stock traded hands, compared to its average volume of 4,164,653. The company has a market capitalization of $2.58 billion, a P/E ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 12-month low of $39.00 and a 12-month high of $69.14. The business’s 50 day moving average price is $61.94 and its two-hundred day moving average price is $64.43.

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.