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

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) was the target of a large decline in short interest during the month of 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 volume of 54,500 shares, the short-interest ratio is presently 0.0 days.

Roundhill Daily 2X Long Magnificent Seven ETF Price Performance

Shares of MAGX stock traded up $0.97 during trading hours on Friday, reaching $38.16. The company had a trading volume of 66,318 shares, compared to its average volume of 37,084. Roundhill Daily 2X Long Magnificent Seven ETF has a 12-month low of $22.58 and a 12-month high of $41.91. The stock has a fifty day moving average of $34.14 and a 200-day moving average of $32.14.

About Roundhill Daily 2X Long Magnificent Seven ETF

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.