Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX – Get Free Report) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 21,405 shares, a decrease of 81.8% from the October 15th total of 117,651 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 46,603 shares, the days-to-cover ratio is currently 0.5 days.
Roundhill Daily 2X Long Magnificent Seven ETF Trading Up 0.8%
Shares of BATS MAGX opened at $55.80 on Thursday. Roundhill Daily 2X Long Magnificent Seven ETF has a 1-year low of $38.72 and a 1-year high of $66.62. The business’s 50 day moving average is $60.10 and its 200-day moving average is $54.76.
Institutional Trading of Roundhill Daily 2X Long Magnificent Seven ETF
An institutional investor recently bought a new position in Roundhill Daily 2X Long Magnificent Seven ETF stock. Group One Trading LLC bought a new stake in Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX – Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,424 shares of the company’s stock, valued at approximately $210,000. Group One Trading LLC owned approximately 0.31% of Roundhill Daily 2X Long Magnificent Seven ETF as of its most recent filing with the SEC.
About Roundhill Daily 2X Long Magnificent Seven ETF
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.
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