The Magnificent Seven ETF (NASDAQ:MAGS) Short Interest Down 78.2% in July

The Magnificent Seven ETF (NASDAQ:MAGS) 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

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.