(MAGX) Roundhill Daily 2X Long - BATS
ETF Category: Trading--Leveraged Equity | Exchange: BATS (USA) | Market Cap: 74m USD | Total Return: 33.3% in 12m
Avg Turnover: 3.45M
Warnings
No concerns identified
Tailwinds
Shakeout
The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an actively managed, non-diversified fund designed to provide leveraged exposure to the largest technology and growth companies in the U.S. market. Launched in early 2024, the fund utilizes a combination of direct equity holdings and derivative instruments, including swap agreements and futures contracts, to target twice the daily return of its underlying basket.
The Magnificent Seven companies-Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla-operate primarily as platform-based businesses with high capital expenditures in artificial intelligence and cloud infrastructure. This sector is characterized by high price-to-earnings multiples and significant influence over major market indices due to its aggregate market capitalization. Investors should review ValueRay to further analyze the valuation metrics of these specific underlying holdings.
- Concentrated exposure to Magnificent Seven earnings growth and margin expansion
- Magnified volatility from 2x daily leverage resets and compounding effects
- Federal Reserve monetary policy shifts impact high-growth technology valuations
- Regulatory scrutiny and antitrust litigation targeting dominant mega-cap tech platforms
As of June 12, 2026, the stock is trading at USD 52.34 with a total of 164,130 shares traded.
Over the past week, the price has changed by -12.08%,
over one month by -13.22%,
over three months by +5.40% and
over the past year by +33.33%.
Roundhill Daily 2X Long has no consensus analysts rating.