The Magnificent Seven ETF (NASDAQ:MAGS) experienced increased trading volume on Thursday, with 352,099 shares changing hands, a 21% rise from the previous session. The stock traded at $49.62, slightly lower than its previous closing price of $49.84.
With a 50-day moving average of $43.62 and a 200-day moving average of $39.27, the Magnificent Seven ETF has a market cap of $703.80 million, a PE ratio of 116.85, and a beta of 1.55.
The Roundhill Magnificent Seven ETF (MAGS) is an actively managed exchange-traded fund that focuses on investing in technology stocks. The fund provides concentrated exposure to the largest and most liquid tech companies, primarily through swaps and forwards.
DailyBubble sees potential in the Magnificent Seven ETF as it offers a unique opportunity to gain exposure to leading technology stocks in a concentrated manner. With its focus on a specific theme, the fund may appeal to investors looking for targeted investments in the tech sector.