Roundhill Magnificent Seven ETF (NYSEARCA:MAGS) Trading 1.8% Higher – Here’s Why

Roundhill Magnificent Seven ETF (NYSEARCA:MAGSGet Free Report) was up 1.8% on Tuesday . The company traded as high as $46.99 and last traded at $46.69. Approximately 3,207,868 shares changed hands during trading, an increase of 28% from the average daily volume of 2,509,316 shares. The stock had previously closed at $45.86.

Roundhill Magnificent Seven ETF Price Performance

The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 30.10 and a beta of 1.55. The firm’s fifty day moving average price is $51.52 and its 200-day moving average price is $51.46.

Roundhill Magnificent Seven ETF Company Profile

(Get Free Report)

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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