Investors Buy Large Volume of Call Options on Roundhill Magnificent Seven ETF (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of some unusual options trading on Thursday. Stock traders bought 14,844 call options on the company. This is an increase of approximately 46% compared to the average volume of 10,141 call options.

Roundhill Magnificent Seven ETF Stock Down 2.0%

MAGS stock traded down $1.25 during trading on Thursday, hitting $61.43. The company had a trading volume of 4,520,766 shares, compared to its average volume of 3,977,070. The firm has a market capitalization of $2.69 billion, a P/E ratio of 35.22 and a beta of 1.31. Roundhill Magnificent Seven ETF has a 52-week low of $54.39 and a 52-week high of $71.16. The company has a 50 day simple moving average of $67.31 and a 200-day simple moving average of $64.73.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of Roundhill Magnificent Seven ETF by 51.9% in the first quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Hilton Head Capital Partners LLC grew its holdings in Roundhill Magnificent Seven ETF by 59.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock worth $38,000 after acquiring an additional 247 shares in the last quarter. Cooksen Wealth LLC increased its position in Roundhill Magnificent Seven ETF by 1.8% during the 4th quarter. Cooksen Wealth LLC now owns 17,413 shares of the company’s stock valued at $1,149,000 after purchasing an additional 301 shares during the period. Sound Income Strategies LLC increased its position in Roundhill Magnificent Seven ETF by 22.2% during the 1st quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock valued at $117,000 after purchasing an additional 362 shares during the period. Finally, Murphy & Mullick Capital Management Corp raised its holdings in shares of Roundhill Magnificent Seven ETF by 36.9% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 1,670 shares of the company’s stock valued at $97,000 after purchasing an additional 450 shares in the last quarter.

Roundhill Magnificent Seven ETF Company Profile

The Roundhill Magnificent Seven ETF (MAGS) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers highly concentrated exposure to the largest and most liquid leading technology stocks. The fund invests primarily through swaps and forwards. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.