Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ:MAGQ) Short Interest Update

Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ:MAGQ) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, an increase of 1,000.0% from the August 15th total of 100 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is currently 0.6 days.

Roundhill Daily Inverse Magnificent Seven ETF Stock Down 1.5 %

Roundhill Daily Inverse Magnificent Seven ETF stock traded down $0.32 during mid-day trading on Friday, reaching $20.99. The company’s stock had a trading volume of 104 shares, compared to its average volume of 1,941. Roundhill Daily Inverse Magnificent Seven ETF has a 12 month low of $19.08 and a 12 month high of $26.07. The business’s 50 day simple moving average is $21.37 and its 200 day simple moving average is $22.62.

Roundhill Daily Inverse Magnificent Seven ETF Company Profile

The Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) 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 provide (-1x) inverse exposure to the daily price movement of the Roundhill Magnificent Seven ETF (MAGS) through derivative instruments such as swaps.