Magnificent Seven ETF (MAGS) Short Interest Ratio & Short Volume

Short interest is the volume of Magnificent Seven ETF shares that have been sold short but have not yet been closed out or covered. As of December 31st, investors have sold 887,500 shares of MAGS short. Learn More on Magnificent Seven ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MAGS shares currently have a short interest ratio of 1.0. Learn More on Magnificent Seven ETF's short interest ratio.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Magnificent Seven ETF: Wolverine Trading LLC, and Belvedere Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Magnificent Seven ETF saw a drop in short interest in the month of December. As of December 31st, there was short interest totaling 887,500 shares, a drop of 24.8% from the previous total of 1,180,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Magnificent Seven ETF: iShares Paris-Aligned Climate MSCI USA ETF (0.08%), First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (0.27%), iShares Global Clean Energy ETF (5.56%), iShares Climate Conscious & Transition MSCI USA ETF (0.00%), iShares ESG Advanced MSCI USA ETF (0.30%), Global X Robotics & Artificial Intelligence Thematic ETF (0.72%), Global X Future Analytics Tech ETF (1.27%), iShares ESG MSCI USA Leaders ETF (0.20%), Global X S&P 500 Catholic Values ETF (0.11%), Invesco NASDAQ Internet ETF (4.35%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.83 billion), Charter Communications, Inc. ($3.77 billion), Reddit, Inc. ($2.98 billion), The Kroger Co. ($2.97 billion), International Paper ($2.64 billion), SoFi Technologies, Inc. ($1.99 billion), Rivian Automotive, Inc. ($1.93 billion), Onsemi ($1.81 billion), SoundHound AI, Inc. ($1.59 billion), and Moderna, Inc. ($1.57 billion). View all of the most shorted stocks.

Short selling MAGS is an investing strategy that aims to generate trading profit from Magnificent Seven ETF as its price is falling. MAGS shares are trading up $0.99 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Magnificent Seven ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of MAGS, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MAGS, twice per month. The most recent reporting period available is December, 31 2024.