Traders Purchase High Volume of Roundhill Magnificent Seven ETF Put Options (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the target of unusually large options trading activity on Tuesday. Traders bought 51,617 put options on the stock. This represents an increase of 242% compared to the average daily volume of 15,106 put options.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Ayalon Insurance Comp Ltd. acquired a new stake in Roundhill Magnificent Seven ETF during the third quarter valued at $9,725,000. Rye Brook Capital LLC lifted its holdings in shares of Roundhill Magnificent Seven ETF by 47.8% during the 3rd quarter. Rye Brook Capital LLC now owns 41,020 shares of the company’s stock valued at $2,941,000 after buying an additional 13,270 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Roundhill Magnificent Seven ETF by 5.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock valued at $1,968,000 after buying an additional 1,846 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Roundhill Magnificent Seven ETF by 1.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 19,863 shares of the company’s stock valued at $1,424,000 after buying an additional 196 shares in the last quarter. Finally, Cooksen Wealth LLC grew its stake in shares of Roundhill Magnificent Seven ETF by 3.2% in the 1st quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock valued at $1,041,000 after buying an additional 557 shares in the last quarter.

Roundhill Magnificent Seven ETF Price Performance

Roundhill Magnificent Seven ETF stock traded up $0.76 during trading hours on Tuesday, hitting $71.46. The company had a trading volume of 3,492,908 shares, compared to its average volume of 4,085,635. The firm has a market capitalization of $3.13 billion, a P/E ratio of 35.22 and a beta of 1.31. The firm’s fifty day moving average is $70.65 and its 200-day moving average is $66.26. Roundhill Magnificent Seven ETF has a fifty-two week low of $55.08 and a fifty-two week high of $74.78.

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.