Roundhill Magnificent Seven ETF (BATS:MAGS) Short Interest Down 42.8% in April

Roundhill Magnificent Seven ETF (BATS:MAGS) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 2,621,279 shares, a drop of 42.8% from the April 15th total of 4,579,645 shares. Based on an average daily volume of 3,892,687 shares, the short-interest ratio is currently 0.7 days. Approximately 6.0% of the company’s stock are short sold.

Roundhill Magnificent Seven ETF Stock Performance

Shares of BATS MAGS opened at $69.84 on Monday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The business’s 50-day simple moving average is $62.97 and its 200-day simple moving average is $64.53. Roundhill Magnificent Seven ETF has a 52 week low of $50.77 and a 52 week high of $71.16.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in shares of Roundhill Magnificent Seven ETF by 51.9% during the 1st quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. Hilton Head Capital Partners LLC increased its holdings in shares of Roundhill Magnificent Seven ETF by 59.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock valued at $38,000 after acquiring an additional 247 shares during the last quarter. Cooksen Wealth LLC increased its holdings in shares of Roundhill Magnificent Seven ETF by 1.8% during the 4th quarter. Cooksen Wealth LLC now owns 17,413 shares of the company’s stock valued at $1,149,000 after acquiring an additional 301 shares during the last quarter. Sound Income Strategies LLC increased its holdings in shares of Roundhill Magnificent Seven ETF by 22.2% during the 1st quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock valued at $117,000 after acquiring an additional 362 shares during the last quarter. Finally, Murphy & Mullick Capital Management Corp increased its holdings in shares of Roundhill Magnificent Seven ETF by 36.9% during the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock valued at $97,000 after acquiring an additional 450 shares during the last quarter.

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.