The Magnificent Seven ETF (NASDAQ:MAGS – Get Free Report) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 110,300 shares, a decrease of 78.2% from the June 30th total of 505,000 shares. Based on an average daily volume of 508,300 shares, the short-interest ratio is presently 0.2 days.
Magnificent Seven ETF Stock Performance
Shares of NASDAQ:MAGS traded down $0.44 during trading hours on Thursday, reaching $43.44. The stock had a trading volume of 1,290,139 shares, compared to its average volume of 348,342. Magnificent Seven ETF has a 1 year low of $27.85 and a 1 year high of $49.96. The firm’s 50 day moving average is $44.67 and its 200-day moving average is $40.08. The stock has a market capitalization of $676.80 million, a price-to-earnings ratio of 105.95 and a beta of 1.55.
About Magnificent Seven ETF
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