Short Interest in Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Rises By 2,386.7%

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 37,300 shares, a growth of 2,386.7% from the October 15th total of 1,500 shares. Based on an average daily trading volume, of 49,900 shares, the days-to-cover ratio is presently 0.7 days.

Roundhill Daily 2X Long Magnificent Seven ETF Trading Down 1.0 %

Roundhill Daily 2X Long Magnificent Seven ETF stock traded down $0.43 during midday trading on Tuesday, reaching $42.87. The company had a trading volume of 32,002 shares, compared to its average volume of 39,678. Roundhill Daily 2X Long Magnificent Seven ETF has a 12-month low of $22.58 and a 12-month high of $43.75. The firm’s fifty day simple moving average is $35.51 and its 200-day simple moving average is $33.25.

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.