Roundhill Magnificent Seven ETF Sees Unusually Large Options Volume (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 51,617 put options on the company. This represents an increase of 242% compared to the average daily volume of 15,106 put options.

Institutional Investors Weigh In On Roundhill Magnificent Seven ETF

Large investors have recently bought and sold shares of the business. Ayalon Insurance Comp Ltd. acquired a new position in Roundhill Magnificent Seven ETF during the third quarter worth $9,725,000. Wedbush Securities Inc. bought a new position in Roundhill Magnificent Seven ETF during the third quarter valued at about $996,000. Rye Brook Capital LLC lifted its position in shares of Roundhill Magnificent Seven ETF by 47.8% in the third quarter. Rye Brook Capital LLC now owns 41,020 shares of the company’s stock worth $2,941,000 after buying an additional 13,270 shares during the last quarter. Noble Wealth Management PBC lifted its position in shares of Roundhill Magnificent Seven ETF by 953.5% in the third quarter. Noble Wealth Management PBC now owns 10,535 shares of the company’s stock worth $755,000 after buying an additional 9,535 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Roundhill Magnificent Seven ETF by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock worth $1,968,000 after buying an additional 1,846 shares during the last quarter.

Roundhill Magnificent Seven ETF Stock Up 1.1%

MAGS stock traded up $0.76 during trading hours on Tuesday, hitting $71.46. The company’s stock had a trading volume of 3,492,908 shares, compared to its average volume of 4,085,635. The stock has a 50 day moving average price of $70.65 and a two-hundred day moving average price of $66.26. Roundhill Magnificent Seven ETF has a 12 month low of $55.08 and a 12 month high of $74.78. The company has a market capitalization of $3.13 billion, a PE ratio of 35.22 and a beta of 1.31.

Roundhill Magnificent Seven ETF Company Profile

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.