Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGX) Short Interest Up 2,633.3% in September

Roundhill Daily 2X Long Magnificent Seven ETF (NASDAQ:MAGXGet Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 32,800 shares, an increase of 2,633.3% from the September 15th total of 1,200 shares. Based on an average daily volume of 64,700 shares, the short-interest ratio is presently 0.5 days.

Roundhill Daily 2X Long Magnificent Seven ETF Price Performance

Shares of Roundhill Daily 2X Long Magnificent Seven ETF stock traded up $0.19 during midday trading on Thursday, hitting $36.34. 23,663 shares of the company were exchanged, compared to its average volume of 36,708. The firm has a 50 day simple moving average of $32.70 and a 200-day simple moving average of $31.35. Roundhill Daily 2X Long Magnificent Seven ETF has a 52 week low of $22.58 and a 52 week high of $41.91.

Roundhill Daily 2X Long Magnificent Seven ETF Company Profile

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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.

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