28-Mar-2024
No headlines found.
Roundhill Magnificent Seven ETF Surpasses $100 Million in AUM
PRNewswire (Thu, 8-Feb 8:30 AM ET)
Roundhill Bitcoin Covered Call Strategy ETF (CBOE: YBTC) Declares January Distribution
PRNewswire (Fri, 26-Jan 4:00 AM ET)
The Roundhill Magnificent Seven ETF ("MAGS ETF") pursues its investment objective of capital appreciation by seeking exposure to between five and ten companies in the Technology Hardware Industry; E-Commerce Discretionary Industry; Internet Media & Services Industry; and Software Industry (collectively, the "Technology industry"). Roundhill selects the Underlying Issuers based on market capitalization, trading volumes, and sector relevance, in an attempt to identify the largest and most liquid companies representative of the Technology Industry. The name of the Fund has been changed from "Roundhill BIG Tech ETF" to "Roundhill Magnificent Seven ETF" and ticker from 'BIGT' to 'MAGS'.
Roundhill Magnificent Seven ETF trades on the NASDAQ stock market under the symbol MAGS.
As of March 28, 2024, MAGS stock price declined to $39.15 with 135,210 million shares trading.
MAGS has a beta of 1.69, meaning it tends to be more sensitive to market movements. MAGS has a correlation of 0.61 to the broad based SPY ETF.
MAGS has a market cap of $208.67 million. This is considered a Small Cap stock.
MAGS support price is $38.63 and resistance is $39.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAGS stock will trade within this expected range on the day.