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

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the recipient of a large drop in short interest in 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 trading volume of 49,100 shares, the short-interest ratio is currently 0.1 days.

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. Flow Traders U.S. LLC acquired a new position in shares of Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,146 shares of the company’s stock, valued at approximately $223,000. Flow Traders U.S. LLC owned 0.89% of Roundhill Daily 2X Long Magnificent Seven ETF as of its most recent SEC filing.

Roundhill Daily 2X Long Magnificent Seven ETF Stock Down 1.3 %

Shares of NASDAQ:MAGX traded down $0.55 during midday trading on Wednesday, reaching $41.00. The company’s stock had a trading volume of 34,554 shares, compared to its average volume of 39,971. Roundhill Daily 2X Long Magnificent Seven ETF has a fifty-two week low of $22.58 and a fifty-two week high of $43.75. The firm has a 50 day moving average price of $37.78 and a two-hundred day moving average price of $34.42.

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.