Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) Short Interest Ratio & Short Volume

Short interest is the volume of Roundhill Daily 2X Long Magnificent Seven ETF shares that have been sold short but have not yet been covered or closed out. As of January 31st, investors have sold 4,000 shares of MAGX short. Learn More on Roundhill Daily 2X Long Magnificent Seven ETF's current short interest.

Roundhill Daily 2X Long Magnificent Seven ETF saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 4,000 shares, a decline of 64.6% from the previous total of 11,300 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 Roundhill Daily 2X Long Magnificent Seven ETF: Global X E-Commerce ETF (0.65%), iShares ESG Advanced MSCI EM ETF (0.63%), Invesco ESG NASDAQ 100 ETF (1.24%), Tema Cardiovascular and Metabolics ETF (0.07%), Global X Genomics & Biotechnology ETF (0.18%), VictoryShares THB Mid Cap ESG ETF (0.07%), Fidelity Disruptive Communications ETF (0.18%), First Trust Indxx Innovative Transaction & Process ETF (1.05%), Tema Oncology ETF (0.64%), Procure Space ETF (0.26%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.21 billion), Charter Communications, Inc. ($4.07 billion), Reddit, Inc. ($3.33 billion), The Kroger Co. ($2.67 billion), Cencora, Inc. ($2.29 billion), Hims & Hers Health, Inc. ($2.17 billion), SoFi Technologies, Inc. ($1.99 billion), Live Nation Entertainment, Inc. ($1.87 billion), Rivian Automotive, Inc. ($1.76 billion), and Moderna, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling MAGX is an investing strategy that aims to generate trading profit from Roundhill Daily 2X Long Magnificent Seven ETF as its price is falling. MAGX shares are trading down $2.23 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 Roundhill Daily 2X Long 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 MAGX, 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 MAGX, twice per month. The most recent reporting period available is January, 31 2025.