(MAGX) Roundhill Daily 2X Long - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NASDAQ (USA) | Market Cap: 84m USD | Total Return: 63.8% in 12m
Avg Turnover: 5.86M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an actively managed, non-diversified fund designed to provide 200% of the daily price performance of the Magnificent Seven stocks. To achieve this leveraged exposure, the fund utilizes a combination of direct equity investments and derivative instruments, including swap agreements and futures contracts. This strategy targets capital growth through concentrated exposure to the largest technology and growth companies listed in the United States.
The underlying portfolio focuses on the mega-cap technology sector, a business model characterized by high research and development spending and dominant market shares in cloud computing, artificial intelligence, and digital advertising. Because the fund uses leverage to amplify daily returns, it is primarily intended for short-term trading rather than long-term holding. Investors can analyze the specific risk metrics and historical volatility of these underlying assets on ValueRay to better understand the impact of daily rebalancing.
- Concentrated exposure to Magnificent Seven earnings reports drives intraday price volatility
- Two-times daily leverage amplifies gains and losses from mega-cap tech performance
- Federal Reserve interest rate pivots influence valuations of high-growth technology constituents
- High daily turnover and swap financing costs erode long-term fund returns
- Regulatory antitrust scrutiny of big tech firms impacts underlying basket momentum
As of May 29, 2026, the stock is trading at USD 62.52 with a total of 56,236 shares traded.
Over the past week, the price has changed by +3.66%,
over one month by +10.17%,
over three months by +29.39% and
over the past year by +63.84%.
Roundhill Daily 2X Long has no consensus analysts rating.