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

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the recipient of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 4,000 shares, a drop of 64.6% from the January 15th total of 11,300 shares. Based on an average daily trading volume, of 132,800 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Roundhill Daily 2X Long Magnificent Seven ETF

A hedge fund recently bought a new stake in Roundhill Daily 2X Long Magnificent Seven ETF stock. Jane Street Group LLC bought a new position in shares of Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,329 shares of the company’s stock, valued at approximately $483,000. Jane Street Group LLC owned 1.93% of Roundhill Daily 2X Long Magnificent Seven ETF as of its most recent SEC filing.

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

NASDAQ:MAGX traded down $0.57 during mid-day trading on Wednesday, reaching $44.57. The company’s stock had a trading volume of 38,346 shares, compared to its average volume of 153,632. Roundhill Daily 2X Long Magnificent Seven ETF has a 1 year low of $22.58 and a 1 year high of $53.81. The stock has a fifty day moving average of $47.91 and a 200-day moving average of $39.86.

Roundhill Daily 2X Long Magnificent Seven ETF Dividend Announcement

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

Roundhill Daily 2X Long Magnificent Seven ETF Company Profile

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.