Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) Sees Significant Decrease in Short Interest

Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 32,749 shares, a drop of 68.2% from the June 15th total of 103,011 shares. Based on an average daily trading volume, of 84,608 shares, the short-interest ratio is currently 0.4 days. Approximately 12.1% of the company’s shares are short sold.

Roundhill Magnificent Seven Covered Call ETF Stock Performance

MAGY opened at $42.84 on Tuesday. The business has a 50-day moving average of $44.94 and a two-hundred day moving average of $47.39. Roundhill Magnificent Seven Covered Call ETF has a 12 month low of $40.86 and a 12 month high of $58.34.

Institutional Investors Weigh In On Roundhill Magnificent Seven Covered Call ETF

An institutional investor recently bought a new stake in Roundhill Magnificent Seven Covered Call ETF stock. OLD Mission Capital LLC purchased a new position in shares of Roundhill Magnificent Seven Covered Call ETF (BATS:MAGY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,449 shares of the company’s stock, valued at approximately $1,677,000. OLD Mission Capital LLC owned about 0.78% of Roundhill Magnificent Seven Covered Call ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Roundhill Magnificent Seven Covered Call ETF Company Profile

Roundhill ETF Trust – Roundhill Magnificent Seven Covered Call ETF is an exchange traded fund launched and managed by Roundhill Financial Inc The fund is co-managed by Exchange Traded Concepts, LLC. It invests in public equity and fixed income markets of the United States. For its equity portion, the fund invests through derivatives in stocks of companies operating across diversified sectors. It uses derivatives such as options to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization.