Roundhill Magnificent Seven ETF (BATS:MAGS – Get Free Report) saw unusually large options trading on Thursday. Stock investors purchased 23,132 put options on the company. This represents an increase of 73% compared to the average daily volume of 13,360 put options.
Hedge Funds Weigh In On Roundhill Magnificent Seven ETF
Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in Roundhill Magnificent Seven ETF by 51.9% during the first quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Roundhill Magnificent Seven ETF during the 4th quarter worth $27,000. Sunbelt Securities Inc. bought a new stake in Roundhill Magnificent Seven ETF during the third quarter valued at about $31,000. Brandywine Financial Group purchased a new position in Roundhill Magnificent Seven ETF in the first quarter valued at about $53,000. Finally, Murphy & Mullick Capital Management Corp grew its stake in Roundhill Magnificent Seven ETF by 36.9% in 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 during the last quarter.
Roundhill Magnificent Seven ETF Stock Performance
MAGS stock traded down $3.35 during mid-day trading on Thursday, reaching $62.95. 3,545,901 shares of the stock traded hands, compared to its average volume of 4,165,496. Roundhill Magnificent Seven ETF has a one year low of $55.08 and a one year high of $71.16. The stock has a market capitalization of $2.76 billion, a PE ratio of 35.22 and a beta of 1.31. The business has a 50-day moving average price of $66.87 and a two-hundred day moving average price of $64.57.
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.
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