Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Short Interest Down 64.6% in January

Posted by Ethan Ryder on Feb 12th, 2025

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX – Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,000 shares, a decrease of 64.6% from the January 15th total of 11,300 shares. Based on an average trading volume of 132,800 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of 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 stake in shares of Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

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

MAGX traded down $0.57 during trading hours on Wednesday, hitting $44.57. The company’s stock had a trading volume of 38,346 shares, compared to its average volume of 153,632. The business’s 50-day moving average price is $47.91 and its 200-day moving average price is $39.86. Roundhill Daily 2X Long Magnificent Seven ETF has a 12 month low of $22.58 and a 12 month high of $53.81.

Roundhill Daily 2X Long Magnificent Seven ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 30th were issued a $0.3964 dividend. The ex-dividend date was Monday, December 30th.

Roundhill Daily 2X Long Magnificent Seven ETF Company Profile

(Get Free Report)

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.