Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Sees Significant Decline in Short Interest

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 1,500 shares, a decline of 95.4% from the September 30th total of 32,800 shares. Based on an average daily trading volume, of 54,500 shares, the short-interest ratio is currently 0.0 days.

Roundhill Daily 2X Long Magnificent Seven ETF Stock Up 2.6 %

Shares of Roundhill Daily 2X Long Magnificent Seven ETF stock traded up $0.97 during trading on Friday, hitting $38.16. The company’s stock had a trading volume of 65,866 shares, compared to its average volume of 37,084. Roundhill Daily 2X Long Magnificent Seven ETF has a 52 week low of $22.58 and a 52 week high of $41.91. The company has a fifty day simple moving average of $34.04 and a two-hundred day simple moving average of $32.03.

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.