Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) Stock Short Interest Report for October

Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 21,405 shares, a drop of 81.8% from the October 15th total of 117,651 shares. Based on an average trading volume of 46,603 shares, the short-interest ratio is currently 0.5 days. Approximately 1.9% of the company’s stock are sold short.

Roundhill Daily 2X Long Magnificent Seven ETF Stock Performance

Shares of MAGX opened at $55.69 on Friday. Roundhill Daily 2X Long Magnificent Seven ETF has a fifty-two week low of $38.72 and a fifty-two week high of $66.62. The firm’s 50-day simple moving average is $60.07 and its two-hundred day simple moving average is $54.75.

Institutional Trading of Roundhill Daily 2X Long Magnificent Seven ETF

An institutional investor recently bought a new position in Roundhill Daily 2X Long Magnificent Seven ETF stock. Simplex Trading LLC purchased a new position in Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 720 shares of the company’s stock, valued at approximately $44,000.

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.