Stock Traders Buy High Volume of Put Options on Roundhill Magnificent Seven ETF (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) saw unusually large options trading activity on Thursday. Investors acquired 23,132 put options on the stock. This represents an increase of approximately 73% compared to the average volume of 13,360 put options.

Institutional Trading of Roundhill Magnificent Seven ETF

Several hedge funds have recently made changes to their positions in MAGS. JPMorgan Chase & Co. bought a new stake in Roundhill Magnificent Seven ETF during the second quarter worth approximately $3,768,000. Cooksen Wealth LLC bought a new stake in shares of Roundhill Magnificent Seven ETF in the 2nd quarter valued at approximately $948,000. Captrust Financial Advisors boosted its holdings in shares of Roundhill Magnificent Seven ETF by 28.4% in the 2nd quarter. Captrust Financial Advisors now owns 8,311 shares of the company’s stock worth $461,000 after purchasing an additional 1,836 shares during the period. Marshall Wace LLP boosted its holdings in shares of Roundhill Magnificent Seven ETF by 101.3% in the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock worth $33,709,000 after purchasing an additional 261,587 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in shares of Roundhill Magnificent Seven ETF in the 3rd quarter worth approximately $31,000.

Roundhill Magnificent Seven ETF Stock Down 5.1%

Roundhill Magnificent Seven ETF stock traded down $3.35 during mid-day trading on Thursday, reaching $62.95. 3,545,901 shares of the company’s stock traded hands, compared to its average volume of 4,165,496. Roundhill Magnificent Seven ETF has a 12-month low of $55.08 and a 12-month high of $71.16. The stock has a 50 day moving average of $66.87 and a two-hundred day moving average of $64.57. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31.

About Roundhill 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. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.