Roundhill Magnificent Seven ETF Target of Unusually High Options Trading (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) saw unusually large options trading activity on Monday. Investors purchased 23,060 call options on the stock. This is an increase of approximately 84% compared to the typical daily volume of 12,515 call options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MAGS. Parallel Advisors LLC grew its holdings in shares of Roundhill Magnificent Seven ETF by 51.9% in the first 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 period. Hilton Head Capital Partners LLC acquired a new position in Roundhill Magnificent Seven ETF in the 4th quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new position in Roundhill Magnificent Seven ETF in the 3rd quarter valued at about $31,000. Brandywine Financial Group purchased a new stake in shares of Roundhill Magnificent Seven ETF in the 1st quarter valued at approximately $53,000. Finally, Compass Financial Management LLC purchased a new stake in shares of Roundhill Magnificent Seven ETF in the 2nd quarter valued at approximately $58,000.

Roundhill Magnificent Seven ETF Stock Up 0.6%

Shares of Roundhill Magnificent Seven ETF stock traded up $0.40 during trading hours on Monday, reaching $70.28. 1,950,665 shares of the company’s stock were exchanged, compared to its average volume of 4,038,852. The business has a fifty day moving average of $67.41 and a two-hundred day moving average of $65.39. The company has a market capitalization of $3.08 billion, a P/E ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 1 year low of $55.08 and a 1 year high of $71.16.

Roundhill Magnificent Seven ETF Company Profile

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.