Stock Traders Purchase High 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 Monday. Stock traders bought 23,060 call options on the company. This represents an increase of 84% compared to the typical daily volume of 12,515 call options.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. J.Safra Asset Management Corp increased its position in shares of Roundhill Magnificent Seven ETF by 2.9% in the 4th quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock valued at $99,614,000 after purchasing an additional 42,741 shares during the last quarter. Marshall Wace LLP lifted its stake in Roundhill Magnificent Seven ETF by 101.3% during the third quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after purchasing an additional 261,587 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Roundhill Magnificent Seven ETF in the second quarter valued at approximately $3,768,000. Advisory Services Network LLC boosted its holdings in Roundhill Magnificent Seven ETF by 169.5% in the fourth quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock valued at $2,699,000 after purchasing an additional 25,733 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Roundhill Magnificent Seven ETF by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock valued at $1,968,000 after purchasing an additional 1,846 shares during the last quarter.

Roundhill Magnificent Seven ETF Stock Up 0.6%

BATS:MAGS traded up $0.40 on Monday, reaching $70.28. The company’s stock had a trading volume of 1,950,665 shares, compared to its average volume of 4,038,852. Roundhill Magnificent Seven ETF has a 12-month low of $55.08 and a 12-month high of $71.16. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The stock has a 50 day moving average price of $67.41 and a 200 day moving average price of $65.39.

About Roundhill Magnificent Seven ETF

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.