Roundhill Investments Expands Magnificent Seven Funds with New Leveraged and Inverse ETF Options

Roundhill Investments has announced the launch of two innovative exchange-traded funds (ETFs) designed to provide sophisticated traders with advanced trading tools. These ETFs, named MAGQ and MAGX, allow traders to manage their exposure to the 'Magnificent Seven' stocks. These refer to seven prominent tech companies known for their impact on the market and growth potential.

Enhanced Trading Strategies with MAGQ and MAGX

The recent addition to the Magnificent Seven fund lineup includes the MAGQ, a leveraged ETF, and the MAGX, an inverse ETF. The former seeks to amplify the daily returns of the Magnificent Seven stocks, while the latter aims to provide the opposite of their performance. This duo of ETFs is geared towards experienced traders who require agility and precision in their investment strategies.

Diverse Portfolio Constituents

The Magnificent Seven stocks are made up of a select group of tech giants that dominate their respective markets. These are often referred to as bellwethers in the technology sector and include Apple Inc. AAPL, Alphabet Inc. GOOGL, Amazon.com Inc. AMZN, Facebook Inc., now Meta Platforms Inc. META, Microsoft Corporation MSFT, Netflix Inc. NFLX, and Nvidia Corporation NVDA. The ETFs derive their unique name from these seven companies, commonly known by their compound moniker due to their size and influence.

Leveraged, Inverse, ETFs