The Magnificent Seven ETF (NASDAQ:MAGS) Short Interest Update

Posted by Chris Copeland on Jan 15th, 2025

The Magnificent Seven ETF (NASDAQ:MAGS – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 887,500 shares, a drop of 24.8% from the December 15th total of 1,180,000 shares. Based on an average daily volume of 1,506,400 shares, the days-to-cover ratio is currently 0.6 days.

Magnificent Seven ETF Stock Up 3.6 %

Shares of NASDAQ MAGS traded up $1.94 during trading on Wednesday, hitting $55.51. 2,989,727 shares of the company traded hands, compared to its average volume of 2,462,041. Magnificent Seven ETF has a 1 year low of $33.02 and a 1 year high of $58.69. The firm has a market capitalization of $1.88 billion, a P/E ratio of 135.39 and a beta of 1.55. The company has a 50-day moving average price of $54.06 and a 200-day moving average price of $48.80.

Magnificent Seven ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were paid a $0.4397 dividend. The ex-dividend date was Monday, December 30th. Magnificent Seven ETF’s dividend payout ratio (DPR) is presently 107.32%.

Institutional Trading of Magnificent Seven ETF

An institutional investor recently bought a new position in Magnificent Seven ETF stock. VitalStone Financial LLC purchased a new stake in shares of The Magnificent Seven ETF (NASDAQ:MAGS – Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,216 shares of the company’s stock, valued at approximately $1,870,000. Magnificent Seven ETF comprises approximately 1.3% of VitalStone Financial LLC’s holdings, making the stock its 19th largest holding. VitalStone Financial LLC owned 0.24% of Magnificent Seven ETF as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.39% of the company’s stock.

Magnificent Seven ETF Company Profile

(Get Free Report)

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.