Short Interest in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Rises By 71.9%

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient 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. Currently, 20.9% of the company’s shares are sold short. Based on an average daily volume of 51,177 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Roundhill Magnificent Seven Covered Call ETF

A hedge fund recently bought a new stake in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC bought a new position in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 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 quarter.

Roundhill Magnificent Seven Covered Call ETF Stock Performance

BATS:MAGY opened at $41.56 on Friday. The stock’s fifty day moving average is $43.48 and its 200 day moving average is $46.32. Roundhill Magnificent Seven Covered Call ETF has a fifty-two week low of $39.92 and a fifty-two week high of $58.34.

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.