Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Stock Short Interest Falls 35.0%

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 35,999 shares, a drop of 35.0% from the September 15th total of 55,423 shares. Approximately 13.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,211 shares, the short-interest ratio is currently 1.1 days.

Roundhill Magnificent Seven Covered Call ETF Stock Down 2.4%

Shares of MAGY stock traded down $1.04 during midday trading on Friday, reaching $42.45. 41,844 shares of the company were exchanged, compared to its average volume of 77,382. Roundhill Magnificent Seven Covered Call ETF has a 12 month low of $39.92 and a 12 month high of $57.67. The company’s 50 day moving average price is $42.54 and its two-hundred day moving average price is $43.78.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Winebrenner Capital Management LLC boosted its stake in Roundhill Magnificent Seven Covered Call ETF by 140.0% during the 3rd quarter. Winebrenner Capital Management LLC now owns 12,000 shares of the company’s stock valued at $515,000 after purchasing an additional 7,000 shares in the last quarter. Polaris Financial Partners acquired a new position in shares of Roundhill Magnificent Seven Covered Call ETF during the 3rd quarter valued at $690,000. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of Roundhill Magnificent Seven Covered Call ETF during the 2nd quarter valued at $7,947,000.

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.