Point Bridge America First ETF (NYSEARCA:MAGA) Stock Short Interest Climbs 205.3%

Point Bridge America First ETF (NYSEARCA:MAGA) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 403 shares, an increase of 205.3% from the September 15th total of 132 shares. Based on an average trading volume of 714 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Point Bridge America First ETF Stock Performance

Shares of NYSEARCA MAGA opened at $55.16 on Wednesday. Point Bridge America First ETF has a 1 year low of $50.21 and a 1 year high of $58.96. The stock’s 50-day simple moving average is $56.24 and its 200-day simple moving average is $55.54. The firm has a market cap of $30.34 million, a price-to-earnings ratio of 20.33 and a beta of 0.82.

Point Bridge America First ETF Company Profile

The Point Bridge America First ETF (MAGA) is an exchange-traded fund that is based on the Point Bridge America First index. The fund tracks an index of US large-cap companies whose employees and political action committees are highly supportive of Republican candidates. MAGA was launched on Sep 6, 2017 and is managed by Point Bridge Capital.