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

Roundhill Magnificent Seven ETF (BATS:MAGS) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 2,621,279 shares, a decrease 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. Currently, 6.0% of the company’s stock are sold short.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its position in shares of Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Hilton Head Capital Partners LLC boosted its position in Roundhill Magnificent Seven ETF by 59.5% during the first quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock valued at $38,000 after purchasing an additional 247 shares in the last quarter. Cooksen Wealth LLC boosted its position in Roundhill Magnificent Seven ETF by 1.8% during the fourth quarter. Cooksen Wealth LLC now owns 17,413 shares of the company’s stock valued at $1,149,000 after purchasing an additional 301 shares in the last quarter. Sound Income Strategies LLC boosted its position in Roundhill Magnificent Seven ETF by 22.2% during the first quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock valued at $117,000 after purchasing an additional 362 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp boosted its position in Roundhill Magnificent Seven ETF by 36.9% during the first quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock valued at $97,000 after purchasing an additional 450 shares in the last quarter.

Roundhill Magnificent Seven ETF Trading Down 1.6%

MAGS opened at $69.84 on Friday. Roundhill Magnificent Seven ETF has a 12-month low of $50.77 and a 12-month high of $71.16. The business’s fifty day simple moving average is $62.97 and its 200-day simple moving average is $64.54. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31.

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.