Roundhill Daily 2X Long Magnificent Seven ETF (BATS:MAGX – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 117,651 shares, an increase of 101.4% from the September 30th total of 58,420 shares. Based on an average daily volume of 46,306 shares, the days-to-cover ratio is currently 2.5 days. Currently, 6.5% of the company’s shares are short sold.
Roundhill Daily 2X Long Magnificent Seven ETF Trading Down 3.6%
MAGX opened at $55.45 on Friday. Roundhill Daily 2X Long Magnificent Seven ETF has a twelve month low of $38.72 and a twelve month high of $66.62. The company has a fifty day moving average of $60.18 and a 200-day moving average of $54.74.
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.
See Also
- Five stocks we like better than Roundhill Daily 2X Long Magnificent Seven ETF
- Amazon’s Record Margins Couldn’t Stop the Sell-Off—Here’s Why
- DoorDash’s $17 Billion Bet on Instacart Faces a Long Regulatory Road Ahead
- FTC Puts A Wrinkle In the Cintas and UniFirst Merger
- Breaching the Valuation: The Real Reason Fortinet Dropped
Receive News & Ratings for Roundhill Daily 2X Long Magnificent Seven ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roundhill Daily 2X Long Magnificent Seven ETF and related companies with MarketBeat.com's FREE daily email newsletter.
