Roundhill Magnificent Seven ETF (BATS:MAGS) Short Interest Down 35.0% in August

Roundhill Magnificent Seven ETF (BATS:MAGS) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 2,461,127 shares, a drop of 35.0% from the July 30th total of 3,784,413 shares. Approximately 5.6% of the shares of the stock are short sold. Based on an average trading volume of 4,260,943 shares, the days-to-cover ratio is presently 0.6 days.

Roundhill Magnificent Seven ETF Stock Performance

Shares of BATS:MAGS traded down $0.49 during trading on Tuesday, reaching $68.25. The stock had a trading volume of 847,518 shares, compared to its average volume of 4,063,553. Roundhill Magnificent Seven ETF has a 1-year low of $55.08 and a 1-year high of $71.16. The stock has a market cap of $2.99 billion, a PE ratio of 35.22 and a beta of 1.31. The business has a fifty day moving average price of $66.38 and a 200-day moving average price of $64.91.

Institutional Investors Weigh In On Roundhill Magnificent Seven ETF

A number of large investors have recently modified their holdings of the business. J.Safra Asset Management Corp raised its position in shares of Roundhill Magnificent Seven ETF by 2.9% in the fourth quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock valued at $99,614,000 after buying an additional 42,741 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Roundhill Magnificent Seven ETF during the fourth quarter worth about $27,000. Mascagni Wealth Management Inc. grew its stake in Roundhill Magnificent Seven ETF by 25.7% during the 4th quarter. Mascagni Wealth Management Inc. now owns 12,484 shares of the company’s stock valued at $823,000 after acquiring an additional 2,550 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Roundhill Magnificent Seven ETF by 88.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,479 shares of the company’s stock valued at $98,000 after acquiring an additional 693 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Roundhill Magnificent Seven ETF in the 2nd quarter valued at about $58,000.

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.