MAGX

Roundhill Daily 2X Long Magnificent Seven ETF

$55.41

+0.00%

Market closed. Last update: 11:42 PM ET

📎 Investment Objective

The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) seeks to provide daily investment results that correspond to twice (2x) the daily performance of the Roundhill Magnificent Seven Index.

Overview

ETF tracking Roundhill Daily 2X Long Magnificent Seven ETF

Category Leveraged

Issuer Other

Inception Date 2025-02-03

Market Cap $72.6M

Average Volume N/A

Dividend Yield 0.72%

52-Week Range $24.05 - $63.46

VWAP $54.57

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) seeks to provide daily investment results that correspond to twice (2x) the daily performance of the Roundhill Magnificent Seven Index.

🎯 Investment Strategy

The fund uses a leveraged strategy, aiming to achieve 2x the daily returns of the underlying index through the use of derivatives and other financial instruments. The index tracks the performance of the seven largest U.S. publicly traded companies by market capitalization.

✨ Key Features

Provides 2x leveraged exposure to the largest U.S. stocks
Resets daily, seeking to track 2x the daily performance of the index
Invests in derivatives and other instruments to achieve its leverage objective
Relatively high expense ratio compared to non-leveraged index funds

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for increased volatility and larger daily losses compared to the underlying index
Tracking error risk, as the fund may not perfectly achieve its 2x daily target
Counterparty risk associated with the derivatives used to achieve leverage

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged products and are seeking short-term, speculative exposure to the largest U.S. stocks. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.