Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 56,301 shares, an increase of 71.9% from the June 30th total of 32,749 shares. Approximately 20.9% of the shares of the company are sold short. Based on an average daily volume of 51,177 shares, the days-to-cover ratio is presently 1.1 days.
Hedge Funds Weigh In On Roundhill Magnificent Seven Covered Call ETF
An institutional investor recently bought a new stake in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC acquired a new stake in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned about 0.78% of Roundhill Magnificent Seven Covered Call ETF at the end of the most recent reporting period.
Roundhill Magnificent Seven Covered Call ETF Price Performance
Shares of MAGY stock opened at $41.56 on Friday. Roundhill Magnificent Seven Covered Call ETF has a fifty-two week low of $39.92 and a fifty-two week high of $58.34. The stock’s 50-day simple moving average is $43.48 and its 200-day simple moving average is $46.32.
Roundhill Magnificent Seven Covered Call ETF Company Profile
Roundhill ETF Trust – Roundhill Magnificent Seven Covered Call ETF is an exchange traded fund launched and managed by Roundhill Financial Inc The fund is co-managed by Exchange Traded Concepts, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.
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