Roundhill Daily Inverse Magnificent Seven ETF
MAGQ
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- Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to the inverse (-1x) of the performance of the Roundhill Magnificent Seven ETF (MAGS); it employs derivatives such as swaps to achieve high correlation through daily portfolio rebalancing, providing sophisticated traders with tools to hedge or express short-term bearish views on the Magnificent Seven stocks, including Apple Inc., Amazon.com Inc., Alphabet Inc., Meta Platforms Inc., Microsoft Corp., Nvidia Corp., and Tesla Inc. Launched on February 29, 2024, and issued by Roundhill ETF Trust with Roundhill Investments LLC serving as investment adviser, the fund features a net expense ratio of 0.95% and trades on the Nasdaq stock exchange. Headquartered in New York and founded in 2018, Roundhill Investments specializes in innovative ETFs targeting thematic equity, options income, and leveraged/inverse strategies for retail and institutional investors across the United States. In late 2024, Roundhill Investments announced the planned closure and liquidation of MAGQ alongside select other ETFs, including the Roundhill Alerian LNG ETF (LNGG) and Roundhill S&P Dividend Monarchs ETF (KNGS), with trading ceasing on November 27, 2024, and proceeds distributed to shareholders on November 29, 2024; the adviser absorbed related costs excluding brokerage fees. This reorganization reflects strategic portfolio optimization amid rapid firm growth, as Roundhill Investments surpassed $8 billion in assets under management in September 2025 and reached $10 billion by November 2025, driven by inflows exceeding $5.5 billion year-to-date and popular funds like MAGS. Concurrently, the firm expanded its Magnificent Seven lineup with the launch of the Roundhill Magnificent Seven Covered Call ETF (MAGY) on April 23, 2025, on Cboe BZX, implementing a covered call strategy on MAGS holdings for weekly income distributions.