Investors Buy Large Volume of Call Options on Roundhill Magnificent Seven ETF (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) saw some unusual options trading on Thursday. Investors bought 14,844 call options on the company. This is an increase of 46% compared to the typical volume of 10,141 call options.

Roundhill Magnificent Seven ETF Stock Performance

Shares of BATS:MAGS traded down $1.25 on Thursday, reaching $61.43. The company’s stock had a trading volume of 4,520,766 shares, compared to its average volume of 3,977,070. Roundhill Magnificent Seven ETF has a 52-week low of $54.39 and a 52-week high of $71.16. The company has a market cap of $2.69 billion, a P/E ratio of 35.22 and a beta of 1.31. The company has a 50-day simple moving average of $67.31 and a 200 day simple moving average of $64.73.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAGS. Brandywine Financial Group bought a new stake in shares of Roundhill Magnificent Seven ETF in the 1st quarter worth about $53,000. Parallel Advisors LLC grew its holdings in Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Cooksen Wealth LLC grew its holdings in Roundhill Magnificent Seven ETF by 3.2% during the 1st quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock valued at $1,041,000 after purchasing an additional 557 shares during the last quarter. Sound Income Strategies LLC raised its position in Roundhill Magnificent Seven ETF by 22.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock worth $117,000 after purchasing an additional 362 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Roundhill Magnificent Seven ETF by 5.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock worth $1,968,000 after purchasing an additional 1,846 shares during the period.

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.