Roundhill Investments Launches Leveraged and Inverse Magnificent Seven ETFs, Expands Magnificent Seven Fund Lineup
NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX). MAGQ and MAGX begin trading on the Nasdaq today.
- NEW YORK, Feb. 29, 2024 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) and the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX).
- MAGQ seeks to offer daily returns that correspond to the inverse of (-1X) the daily performance of the Roundhill Magnificent Seven ETF*.
- MAGQ and MAGX each build on the success of the Roundhill Magnificent Seven ETF ( MAGS ), which currently consists of holdings in Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla.
- We believe that the Magnificent Seven concept is enduring, and MAGQ/MAGX enable active traders to express their views on these seven market leaders with precision."