Roundhill Magnificent Seven ETF (BATS:MAGS – Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock traders purchased 27,198 call options on the company. This represents an increase of 91% compared to the typical daily volume of 14,276 call options.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its stake 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 purchasing an additional 150 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new position in Roundhill Magnificent Seven ETF in the fourth quarter valued at about $27,000. Sunbelt Securities Inc. purchased a new position in Roundhill Magnificent Seven ETF in 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 raised its holdings 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 worth $97,000 after purchasing an additional 450 shares in the last quarter.
Roundhill Magnificent Seven ETF Stock Performance
BATS:MAGS traded up $2.56 during trading hours on Monday, reaching $68.52. The company’s stock had a trading volume of 5,412,603 shares, compared to its average volume of 4,200,229. The company has a market capitalization of $3.00 billion, a P/E ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 12 month low of $55.08 and a 12 month high of $71.16. The stock has a 50 day moving average price of $66.03 and a two-hundred day moving average price of $64.46.
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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