Traders Purchase Large Volume of Roundhill Magnificent Seven ETF Put Options (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) was the target of some unusual options trading activity on Thursday. Stock traders bought 23,132 put options on the stock. This is an increase of 73% compared to the average volume of 13,360 put options.

Roundhill Magnificent Seven ETF Price Performance

BATS:MAGS opened at $63.23 on Friday. The company’s fifty day moving average price is $66.72 and its 200-day moving average price is $64.55. Roundhill Magnificent Seven ETF has a 1-year low of $55.08 and a 1-year high of $71.16. The firm has a market capitalization of $2.77 billion, a P/E ratio of 35.22 and a beta of 1.31.

Hedge Funds Weigh In On Roundhill Magnificent Seven ETF

Institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp raised its position in Roundhill Magnificent Seven ETF by 2.9% during the fourth quarter. J.Safra Asset Management Corp now owns 1,510,220 shares of the company’s stock valued at $99,614,000 after acquiring an additional 42,741 shares in the last quarter. Cooksen Wealth LLC boosted its position in Roundhill Magnificent Seven ETF by 3.2% in the 1st quarter. Cooksen Wealth LLC now owns 17,970 shares of the company’s stock worth $1,041,000 after purchasing an additional 557 shares in the last quarter. Sound Income Strategies LLC boosted its position in Roundhill Magnificent Seven ETF by 22.2% in the 1st quarter. Sound Income Strategies LLC now owns 1,994 shares of the company’s stock worth $117,000 after purchasing an additional 362 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Roundhill Magnificent Seven ETF by 5.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 33,961 shares of the company’s stock worth $1,968,000 after purchasing an additional 1,846 shares during the period. Finally, Hilton Head Capital Partners LLC grew its stake in shares of Roundhill Magnificent Seven ETF by 59.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 662 shares of the company’s stock worth $38,000 after purchasing an additional 247 shares during the period.

About Roundhill Magnificent Seven ETF

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.