The Magnificent Seven ETF (NASDAQ:MAGS) Short Interest Up 195.7% in December

The Magnificent Seven ETF (NASDAQ:MAGS) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,180,000 shares, an increase of 195.7% from the November 30th total of 399,100 shares. Based on an average trading volume of 1,214,700 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On Magnificent Seven ETF

An institutional investor recently bought a new position in Magnificent Seven ETF stock. Ashton Thomas Private Wealth LLC purchased a new stake in shares of The Magnificent Seven ETF (NASDAQ:MAGS) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,392 shares of the company’s stock, valued at approximately $514,000. Ashton Thomas Private Wealth LLC owned 0.08% of Magnificent Seven ETF as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.39% of the company’s stock.

Magnificent Seven ETF Stock Performance

Shares of MAGS stock traded down $0.41 on Thursday, hitting $57.67. 2,462,823 shares of the stock traded hands, compared to its average volume of 637,845. Magnificent Seven ETF has a twelve month low of $32.03 and a twelve month high of $58.69. The stock has a market capitalization of $1,000.00 million, a PE ratio of 140.66 and a beta of 1.55. The firm’s 50-day moving average price is $52.10 and its two-hundred day moving average price is $47.74.

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.