Roundhill Investments Launches Leveraged and Inverse Magnificent Seven ETFs, Expands Magnificent Seven Fund Lineup | PR Newswire [Video]

MAGQ and MAGX offer unique trading tools for sophisticated traders looking to manage their exposures to the Magnificent Seven stocks

, /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.

MAGQ seeks to offer daily returns that correspond to the inverse of (-1X) the daily performance of the Roundhill Magnificent Seven ETF*. Conversely, MAGX offers two times (2X) daily long exposure.

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. This selection of companies boasts a combined market capitalization of $13.1 trillion, surpassing that of Japan, France, and U.K. stock markets combined, according to Deutsche Bank as of …