Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 35,999 shares, a decrease of 35.0% from the September 15th total of 55,423 shares. Based on an average daily trading volume, of 32,211 shares, the days-to-cover ratio is currently 1.1 days. Currently, 13.3% of the company’s stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Winebrenner Capital Management LLC increased its stake in Roundhill Magnificent Seven Covered Call ETF by 140.0% in the 3rd quarter. Winebrenner Capital Management LLC now owns 12,000 shares of the company’s stock worth $515,000 after buying an additional 7,000 shares during the period. Polaris Financial Partners bought a new stake in Roundhill Magnificent Seven Covered Call ETF during the 3rd quarter valued at about $690,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in Roundhill Magnificent Seven Covered Call ETF during the 2nd quarter valued at about $7,947,000.
Roundhill Magnificent Seven Covered Call ETF Trading Down 2.4%
BATS:MAGY opened at $42.45 on Friday. The company’s 50 day moving average price is $42.54 and its 200-day moving average price is $43.78. Roundhill Magnificent Seven Covered Call ETF has a 52 week low of $39.92 and a 52 week high of $57.67.
Roundhill Magnificent Seven Covered Call ETF Company Profile
Roundhill ETF Trust – Roundhill Magnificent Seven Covered Call ETF is an exchange traded fund launched and managed by Roundhill Financial Inc The fund is co-managed by Exchange Traded Concepts, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.
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