Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) Short Interest Down 62.3% in July

Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 51,249 shares, a decline of 62.3% from the July 15th total of 136,007 shares. Based on an average daily volume of 71,194 shares, the days-to-cover ratio is currently 0.7 days. Approximately 2.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Roundhill Daily 2X Long Magnificent Seven ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 21,897 shares of the company’s stock, valued at approximately $1,234,000. Flow Traders U.S. LLC owned about 1.72% of Roundhill Daily 2X Long Magnificent Seven ETF at the end of the most recent reporting period.

Roundhill Daily 2X Long Magnificent Seven ETF Trading Up 2.5%

BATS MAGX opened at $56.86 on Friday. The stock has a fifty day simple moving average of $53.20 and a 200-day simple moving average of $52.69. Roundhill Daily 2X Long Magnificent Seven ETF has a twelve month low of $38.72 and a twelve month high of $63.47.

Roundhill Daily 2X Long Magnificent Seven ETF Company Profile

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.