MAGY ETF Analysis: Roundhill Magnificent Seven | BATS
Derivative Income | BATS, USA | Market Cap: 143m USD | 12M Return: 0.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.08M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 1.2 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
The Roundhill Magnificent Seven Covered Call ETF (MAGY) employs a derivative income strategy focused on the Magnificent Seven technology and growth stocks. The fund achieves its objective by holding shares of the MAGS ETF while concurrently selling weekly out-of-the-money call options against that underlying position. This covered call model is designed to generate consistent current income, though it typically caps the funds potential upside in exchange for the premiums collected from option buyers.
The underlying portfolio targets high-growth companies in the technology and consumer discretionary sectors, which are characterized by high research and development spending and dominant market positions in cloud computing and artificial intelligence. Covered call ETFs often experience lower volatility than their underlying assets during flat or slightly bearish market conditions but may underperform during sharp bull markets. Investors can find more detailed performance metrics and risk profiles on ValueRay.
As a non-diversified fund, MAGY maintains a concentrated exposure to a limited number of issuers, increasing its sensitivity to the price movements of specific mega-cap tech stocks. The weekly expiration cycle of the sold options allows the manager to adjust strike prices frequently to reflect current market volatility and price action.
- Implied volatility levels drive covered call option premium income
- Magnificent Seven underlying share price performance dictates NAV trajectory
- Weekly distribution yield fluctuates based on call option strike pricing
- Concentration in high-growth technology sectors increases sensitivity to interest rates
As of June 30, 2026, the stock is trading at USD 42.06 with a total of 103,555 shares traded. Over the past week, the price has changed by -5.79%, over one month by -11.21%, over three months by +2.45% and over the past year by +0.33%.
Current recommended Stop Loss: 41.00 (which is 2.5% or 1.3 ATR below the current price).
Roundhill Magnificent Seven has no consensus analysts rating.