Short Interest in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Expands By 329.0%

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 103,011 shares, an increase of 329.0% from the May 31st total of 24,012 shares. Based on an average daily volume of 72,754 shares, the short-interest ratio is currently 1.4 days. Approximately 38.2% of the company’s stock are short sold.

Roundhill Magnificent Seven Covered Call ETF Price Performance

Shares of MAGY stock opened at $41.48 on Friday. The company’s 50 day moving average is $45.65 and its 200 day moving average is $48.29. Roundhill Magnificent Seven Covered Call ETF has a 52-week low of $40.86 and a 52-week high of $58.34.

Institutional Investors Weigh In On Roundhill Magnificent Seven Covered Call ETF

An institutional investor recently bought a new stake in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC acquired a new stake in shares of Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned approximately 0.78% of Roundhill Magnificent Seven Covered Call ETF at the end of the most recent reporting period.

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.