Roundhill Magnificent Seven ETF Sees Unusually High Options Volume (BATS:MAGS)

Roundhill Magnificent Seven ETF (BATS:MAGS) saw unusually large options trading activity on Wednesday. Stock traders purchased 8,811 call options on the stock. This is an increase of 59% compared to the average daily volume of 5,535 call options.

Institutional Trading of Roundhill Magnificent Seven ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp raised its position in shares of 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 buying an additional 42,741 shares during the last quarter. Marshall Wace LLP increased its holdings in Roundhill Magnificent Seven ETF by 101.3% in the 3rd quarter. Marshall Wace LLP now owns 519,712 shares of the company’s stock valued at $33,709,000 after acquiring an additional 261,587 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Roundhill Magnificent Seven ETF in the 2nd quarter valued at $3,768,000. Advisory Services Network LLC lifted its stake in Roundhill Magnificent Seven ETF by 169.5% in the 4th quarter. Advisory Services Network LLC now owns 40,912 shares of the company’s stock worth $2,699,000 after purchasing an additional 25,733 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Roundhill Magnificent Seven ETF by 44.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,115 shares of the company’s stock worth $2,118,000 after purchasing an additional 9,940 shares in the last quarter.

Roundhill Magnificent Seven ETF Trading Up 1.3%

BATS MAGS opened at $58.68 on Thursday. Roundhill Magnificent Seven ETF has a 12 month low of $39.00 and a 12 month high of $69.14. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 35.22 and a beta of 1.31. The company’s 50 day moving average is $61.86 and its two-hundred day moving average is $64.39.

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.