The Magnificent Seven ETF (NASDAQ:MAGS) Short Interest Update

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

Magnificent Seven ETF Trading Down 2.3 %

MAGS traded down $1.34 during mid-day trading on Friday, hitting $56.33. 2,745,979 shares of the stock were exchanged, compared to its average volume of 647,012. Magnificent Seven ETF has a 1-year low of $32.03 and a 1-year high of $58.69. The company has a market cap of $976.76 million, a PE ratio of 137.39 and a beta of 1.55. The firm’s fifty day moving average is $52.49 and its two-hundred day moving average is $47.90.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Magnificent Seven ETF stock. VitalStone Financial LLC acquired a new position in shares of The Magnificent Seven ETF (NASDAQ:MAGS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 39,216 shares of the company’s stock, valued at approximately $1,870,000. Magnificent Seven ETF comprises approximately 1.3% of VitalStone Financial LLC’s investment portfolio, making the stock its 19th biggest holding. VitalStone Financial LLC owned approximately 0.24% of Magnificent Seven ETF as of its most recent filing with the Securities & Exchange Commission. 15.39% of the stock is currently owned by hedge funds and other institutional investors.

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.