Short Interest in Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ:MAGQ) Drops By 90.0%

Posted by Samantha Reynolds on Aug 28th, 2024

Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ:MAGQ – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 100 shares, a decline of 90.0% from the July 31st total of 1,000 shares. Based on an average daily volume of 1,900 shares, the short-interest ratio is currently 0.1 days.

Roundhill Daily Inverse Magnificent Seven ETF Trading Up 2.6 %

MAGQ stock traded up $0.54 during midday trading on Tuesday, reaching $21.54. 126 shares of the company’s stock traded hands, compared to its average volume of 2,015. Roundhill Daily Inverse Magnificent Seven ETF has a 52-week low of $19.08 and a 52-week high of $26.07. The stock’s 50-day moving average is $21.14.

Roundhill Daily Inverse Magnificent Seven ETF Company Profile

(Get Free Report)

The Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) 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 provide (-1x) inverse exposure to the daily price movement of the Roundhill Magnificent Seven ETF (MAGS) through derivative instruments such as swaps.