The Magnificent Seven ETF (NASDAQ:MAGS – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 261,900 shares, an increase of 137.4% from the July 15th total of 110,300 shares. Based on an average daily trading volume, of 619,100 shares, the short-interest ratio is presently 0.4 days.
Magnificent Seven ETF Stock Up 3.0 %
Shares of MAGS traded up $1.28 during mid-day trading on Tuesday, hitting $43.84. The stock had a trading volume of 545,868 shares, compared to its average volume of 381,607. Magnificent Seven ETF has a fifty-two week low of $27.85 and a fifty-two week high of $49.96. The company has a market cap of $654.97 million, a PE ratio of 106.93 and a beta of 1.55. The company’s fifty day simple moving average is $44.99 and its two-hundred day simple moving average is $40.90.
Hedge Funds Weigh In On Magnificent Seven ETF
An institutional investor recently bought a new position in Magnificent Seven ETF stock. Ashton Thomas Private Wealth LLC bought a new position in The Magnificent Seven ETF (NASDAQ:MAGS – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,392 shares of the company’s stock, valued at approximately $514,000. Ashton Thomas Private Wealth LLC owned about 0.08% of Magnificent Seven ETF as of its most recent SEC filing. 15.39% of the stock is owned by institutional investors and hedge funds.
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.
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