Point Bridge America First ETF (BATS:MAGA) Sees Large Decline in Short Interest

Point Bridge America First ETF (BATS:MAGA – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 8 shares, a decrease of 75.0% from the June 30th total of 32 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,489 shares, the days-to-cover ratio is currently 0.0 days.

Point Bridge America First ETF Trading Up 1.0%

Shares of BATS MAGA opened at $57.01 on Friday. The stock has a market cap of $35.63 million, a price-to-earnings ratio of 20.33 and a beta of 0.94. Point Bridge America First ETF has a 1-year low of $49.99 and a 1-year high of $57.40. The stock’s 50-day moving average is $55.46 and its 200 day moving average is $54.70.

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About Point Bridge America First ETF

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The Point Bridge America First ETF (MAGA) is an exchange-traded fund that is based on the Point Bridge America First index. The fund tracks an index of US large-cap companies whose employees and political action committees are highly supportive of Republican candidates. MAGA was launched on Sep 6, 2017 and is managed by Point Bridge Capital.

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