Roundhill Investments - Daily 2X Long Magnificent Seven ETF
MAGX
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 154 West 14th Street, 2nd Floor New York NY United States of America 10011
- IPO Date
- Feb 29, 2024
- Website
- roundhillinvestments.com
- Similar Companies
- Business
- Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) is an actively managed exchange-traded fund that seeks daily leveraged investment results, before fees and expenses, corresponding to two times (2X) the daily performance of the Roundhill Magnificent Seven ETF; this underlying ETF provides equal-weighted exposure to the seven leading technology companies commonly referred to as the Magnificent Seven, namely Alphabet Inc., Amazon.com Inc., Apple Inc., Meta Platforms Inc., Microsoft Corp., NVIDIA Corp., and Tesla Inc. The Fund achieves its 2X long exposure through a combination of direct investments in shares of the Magnificent Seven ETF, total return swaps, futures contracts, and other derivatives referencing the Magnificent Seven ETF, its basket of securities, or substantially similar indices; it holds collateral such as money market funds, short-term U.S. government securities, and repurchase agreements, while rebalancing daily to maintain targeted leverage regardless of market direction. Designed as a short-term trading tool for sophisticated, active investors who monitor positions daily, the Fund carries a net expense ratio of 0.95% (after waivers through at least February 28, 2027), trades options, and concentrates investments in the information technology sector. Launched on February 29, 2024, as part of Roundhill ETF Trust—a series sponsored by New York-based Roundhill Financial Inc., headquartered at 154 West 14th Street, Second Floor, New York, New York—the Fund targets institutional and retail traders seeking magnified exposure to large-cap growth stocks in the Magnificent Seven cohort. Geographically domiciled in the United States and listing shares on Cboe BZX Exchange (following a shift from Nasdaq effective February 3, 2025, announced January 17, 2025), MAGX operates within the leveraged equity segment of the ETF market, emphasizing daily performance over longer holding periods due to compounding and volatility effects. Recent developments include the Fund's integration into Roundhill Investments' expanding Magnificent Seven product lineup, which launched alongside the complementary Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) on February 29, 2024, and later added the Magnificent Seven Covered Call ETF (MAGY) in April 2025; these expansions reflect Roundhill's strategic focus on thematic ETFs amid surging assets under management exceeding $10 billion firm-wide by late 2025. The exchange listing change to Cboe BZX enhances liquidity and trading efficiency for market participants. No major acquisitions, funding rounds, or reorganizations have been reported for the Fund itself within the past two years, underscoring its stable operational profile as a specialized leveraged vehicle.