Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Short Interest Update

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 3,500 shares, a decrease of 25.5% from the December 15th total of 4,700 shares. Based on an average trading volume of 98,100 shares, the short-interest ratio is currently 0.0 days.

Roundhill Daily 2X Long Magnificent Seven ETF Trading Up 7.1 %

NASDAQ MAGX traded up $3.17 during trading on Wednesday, reaching $47.67. 220,357 shares of the company’s stock were exchanged, compared to its average volume of 168,079. Roundhill Daily 2X Long Magnificent Seven ETF has a fifty-two week low of $22.58 and a fifty-two week high of $53.81. The company’s fifty day simple moving average is $45.94 and its 200-day simple moving average is $38.51.

Roundhill Daily 2X Long Magnificent Seven ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 30th were issued a dividend of $0.3964 per share. The ex-dividend date of this dividend was Monday, December 30th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Daily 2X Long Magnificent Seven ETF stock. Flow Traders U.S. LLC bought a new stake in shares of Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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.

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.