Investors Purchase Large Volume of Call Options on Roundhill Magnificent Seven ETF (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 39,474 call options on the company. This represents an increase of approximately 471% compared to the average volume of 6,916 call options.

Roundhill Magnificent Seven ETF Price Performance

Shares of Roundhill Magnificent Seven ETF stock opened at $66.45 on Friday. Roundhill Magnificent Seven ETF has a fifty-two week low of $40.58 and a fifty-two week high of $69.14. The firm has a market capitalization of $2.91 billion, a P/E ratio of 35.22 and a beta of 1.31. The company’s 50 day moving average price is $60.92 and its two-hundred day moving average price is $64.15.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Large investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new position in Roundhill Magnificent Seven ETF in the fourth quarter valued at about $27,000. Sunbelt Securities Inc. bought a new position in Roundhill Magnificent Seven ETF in the third quarter valued at about $31,000. GoalVest Advisory LLC bought a new position in Roundhill Magnificent Seven ETF in the third quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in Roundhill Magnificent Seven ETF in the third quarter valued at about $51,000. Finally, Strategic Blueprint LLC bought a new position in Roundhill Magnificent Seven ETF in the fourth quarter valued at about $347,000.

Roundhill 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. MAGS was launched on Apr 11, 2023 and is issued by Roundhill.