Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 58,420 shares, an increase of 140.5% from the September 15th total of 24,291 shares. Currently, 3.2% of the company’s stock are short sold. Based on an average daily volume of 46,272 shares, the short-interest ratio is presently 1.3 days.
Roundhill Daily 2X Long Magnificent Seven ETF Trading Down 4.1%
BATS MAGX opened at $63.15 on Thursday. Roundhill Daily 2X Long Magnificent Seven ETF has a 52 week low of $38.72 and a 52 week high of $66.62. The firm has a 50 day moving average of $59.25 and a two-hundred day moving average of $55.66.
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.
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