Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Short Interest Down 90.6% in November

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,500 shares, a drop of 90.6% from the October 31st total of 37,300 shares. Based on an average daily trading volume, of 49,100 shares, the short-interest ratio is presently 0.1 days.

Roundhill Daily 2X Long Magnificent Seven ETF Stock Performance

Roundhill Daily 2X Long Magnificent Seven ETF stock traded down $0.55 during midday trading on Wednesday, reaching $41.00. The stock had a trading volume of 34,554 shares, compared to its average volume of 39,971. The company has a fifty day moving average price of $37.78 and a two-hundred day moving average price of $34.42. Roundhill Daily 2X Long Magnificent Seven ETF has a 12 month low of $22.58 and a 12 month high of $43.75.

Institutional Investors Weigh In On Roundhill Daily 2X Long Magnificent Seven ETF

An institutional investor recently bought a new position in Roundhill Daily 2X Long Magnificent Seven ETF stock. Jane Street Group LLC bought a new position in Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) during the third quarter, according to its most recent filing with the SEC. The firm bought 13,329 shares of the company’s stock, valued at approximately $483,000. Jane Street Group LLC owned approximately 1.93% of Roundhill Daily 2X Long Magnificent Seven ETF as of its most recent SEC filing.

About Roundhill Daily 2X Long Magnificent Seven ETF

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.