Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 117,651 shares, an increase of 101.4% from the September 30th total of 58,420 shares. Currently, 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 46,306 shares, the short-interest ratio is currently 2.5 days.
Roundhill Daily 2X Long Magnificent Seven ETF Stock Down 3.6%
MAGX opened at $55.45 on Friday. The business 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 12-month low of $38.72 and a 12-month high of $66.62.
Roundhill Daily 2X Long Magnificent Seven ETF Company Profile
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.
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