Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Sees Significant Increase in Short Interest

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 108,109 shares, an increase of 195.4% from the April 15th total of 36,594 shares. Currently, 40.0% of the shares of the company are short sold. Based on an average daily volume of 84,155 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Roundhill Magnificent Seven Covered Call ETF

An institutional investor recently bought a new position in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC acquired a new stake in Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned about 0.78% of Roundhill Magnificent Seven Covered Call ETF as of its most recent SEC filing.

Roundhill Magnificent Seven Covered Call ETF Trading Down 1.4%

Shares of BATS:MAGY opened at $47.19 on Friday. The company’s 50-day moving average price is $46.15 and its 200 day moving average price is $50.42. Roundhill Magnificent Seven Covered Call ETF has a fifty-two week low of $43.01 and a fifty-two week high of $58.34.

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.