Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) Shares Shorted: Short Interest Up 101.4% in October

Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 117,651 shares, a growth of 101.4% from the September 30th total of 58,420 shares. Based on an average daily trading volume, of 46,306 shares, the short-interest ratio is currently 2.5 days. Approximately 6.5% of the company’s shares are sold short.

Roundhill Daily 2X Long Magnificent Seven ETF Price Performance

Shares of MAGX stock opened at $55.45 on Friday. The stock has a 50-day moving average of $60.18 and a 200-day moving average of $54.74. Roundhill Daily 2X Long Magnificent Seven ETF has a 1-year low of $38.72 and a 1-year high of $66.62.

About Roundhill Daily 2X Long Magnificent Seven ETF

The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds aiming to achieve 2x the return, for a single day, of the Roundhill Magnificent Seven ETF (MAGS) through derivative instruments such as swaps. MAGX was launched on Feb 29, 2024 and is issued by Roundhill.