Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Sees Large Increase in Short Interest

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 37,300 shares, an increase of 2,386.7% from the October 15th total of 1,500 shares. Based on an average trading volume of 49,900 shares, the days-to-cover ratio is presently 0.7 days.

Roundhill Daily 2X Long Magnificent Seven ETF Trading Down 1.2 %

Shares of NASDAQ:MAGX traded down $0.50 on Thursday, hitting $42.31. 19,988 shares of the company’s stock were exchanged, compared to its average volume of 39,503. The firm’s 50-day moving average is $36.01 and its 200 day moving average is $33.44. Roundhill Daily 2X Long Magnificent Seven ETF has a 1-year low of $22.58 and a 1-year high of $43.75.

Roundhill Daily 2X Long Magnificent Seven ETF Company Profile

The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund-of-funds aiming to achieve 2x the return, for a single day, of the Roundhill Magnificent Seven ETF (MAGS) through derivative instruments such as swaps.