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Logo for ETF Roundhill Investments - Daily 2X Long Magnificent Seven ETF

Roundhill Investments - Daily 2X Long Magnificent Seven ETF (MAGX)

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MAGX Price Chart

Explore Roundhill Investments - Daily 2X Long Magnificent Seven ETF interactive price chart. Choose custom timeframes to analyze MAGX price movements and trends.

MAGX ETF Profile

Key details and information about Roundhill Investments - Daily 2X Long Magnificent Seven ETF (MAGX).

Sector Focus

Financial Services

Industry

Asset Management - Leveraged

Inception Date

29 Feb 2024

Country

US

Description

The Roundhill Daily 2X Long Magnificent Seven ETF, or "the Fund," is engineered to achieve daily investment results that are twice (2X) the performance of the Roundhill Magnificent Seven ETF (the "Magnificent Seven ETF"), prior to accounting for fees and expenses. Critically, this objective is designed to be met only within a single trading day. As a result, the Fund presents a higher risk profile compared to non-leveraged alternatives, given its strategy to amplify daily market fluctuations. For holding periods extending beyond a single day, the Fund's overall returns will be determined by the cumulative effect of its daily compounded performance. It is highly probable that its performance over such extended intervals will diverge significantly from a straightforward two-fold return of the Magnificent Seven ETF's performance, even before factoring in expenses and charges.

MAGX ETF Performance

View MAGX with an interactive analytics dashboard featuring price and candlestick charts, key metrics, holdings breakdowns, and dividend yield history. Open the template in Insights to customize and save it.

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