Roundhill Daily 2X Long Magnificent Seven ETFRoundhill Daily 2X Long Magnificent Seven ETFRoundhill Daily 2X Long Magnificent Seven ETF

Roundhill Daily 2X Long Magnificent Seven ETF

No trades
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Key stats

Assets under management (AUM)
‪20.69 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
5.2%

About Roundhill Daily 2X Long Magnificent Seven ETF

Issuer
Roundhill Financial, Inc.
Brand
Roundhill
Expense ratio
0.95%
Inception date
Feb 29, 2024
Index tracked
No Underlying Index
Management style
Active
MAGX is designed for making bullish bets on the Roundhill Magnificent Seven ETF (MAGS) through swap agreements. The objective is to obtain daily inverse leveraged exposure equivalent to 200% of the fund's net assets, to maintain this exposure daily rebalancing is performed to adjust to MAGS daily price movements. As a geared product, the fund is considered a short-term tactical tool rather than a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This high-risk strategy does not include defensive positions in its overall process. It is important to note that the fund could potentially lose money over time, even if MAGS's performance weakens. MAGS strategy targets a narrow portfolio of 5-10 stocks, publicly known as tech giants. The exposure attempts to capture the largest companies in the following industries: social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software.

Classification

Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Big Tech
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Government
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy