Roundhill Investments - Daily 2X Long Magnificent Seven ETF (MAGX)
Roundhill Investments - Daily 2X Long Magnificent Seven ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $55.50, down 1.85% on the session, giving a market capitalisation of $50.2M. Its beta of 3.01 implies it has historically moved more than the broad market.
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.
Roundhill Investments - Daily 2X Long Magnificent Seven ETF is most often compared with the following Financial Services names: