Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Short Interest Update

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 4,700 shares, a growth of 487.5% from the November 30th total of 800 shares. Based on an average daily volume of 79,600 shares, the short-interest ratio is presently 0.1 days.

Roundhill Daily 2X Long Magnificent Seven ETF Price Performance

Shares of NASDAQ MAGX traded down $0.78 during midday trading on Thursday, reaching $51.52. 110,409 shares of the company’s stock traded hands, compared to its average volume of 50,408. The stock’s 50 day simple moving average is $42.89 and its 200-day simple moving average is $37.08. Roundhill Daily 2X Long Magnificent Seven ETF has a one year low of $22.58 and a one year high of $53.81.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Daily 2X Long Magnificent Seven ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,146 shares of the company’s stock, valued at approximately $223,000. Flow Traders U.S. LLC owned approximately 0.89% of Roundhill Daily 2X Long Magnificent Seven ETF at the end of the most recent reporting period.

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.