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MAGQ ETF

Profile

Name:

Roundhill Daily Inverse Magnificent Seven ETF

Assets under management:

$903 K

Expense ratio:

0.95%

Inception date:

-

Website:

-

Last ex-dividend date:

N/A

Next ex-dividend date:

N/A

Description:

MAGQ ETF is an exchange-traded fund that focuses on investing in companies with strong growth potential in the technology sector. It aims to provide investors with exposure to innovative firms, offering a diversified portfolio that seeks long-term capital appreciation. Ideal for growth-oriented investors.

Top holdings

No data

Holding types

Countries

Sectors

No data

Analyst ratings

Market Data

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Price

$18.90
MAGQ price is $18.90

Price All-time High

$25.72
MAGQ price is currently -26.52% below its historical high of $25.72

200-day SMA

$21.84
MAGQ 200-day simple moving average is currently -13.45% below its 200-day simple moving average

50-day SMA

$19.66
MAGQ 50-day simple moving average is currently -3.88% below its 50-day simple moving average

14-day RSI

46.27
MAGQ 14-day relative strength index is 46.27

ATR

$0.22
MAGQ average true range is $0.22

Beta

-1.59
MAGQ beta is -1.59

Dividend

MAGQ: A Loss-Offset Play For When The Magnificent 7 Magic Fades
MAGQ: A Loss-Offset Play For When The Magnificent 7 Magic Fades
MAGQ: A Loss-Offset Play For When The Magnificent 7 Magic Fades
MAGQ
seekingalpha.com24 July 2024

Roundhill Investments this year launched an inverse Mag 7 ETF aiming for daily -100% return on the biggest mega-caps of our time, the Roundhill Daily Inverse Magnificent Seven ETF. The MAGQ ETF is a small fund with assets under management of a little over $600,000, investing in equal-weighted Mag 7 swaps with a reasonable 0.95% expense ratio. The strategy involves betting against Mag 7 stocks' high valuations, utilizing technical indicators to time entry and exit points to offset losses on long positions.

Roundhill's Dave Mazza on trading the 'Magnificent 7' with ETFs
Roundhill's Dave Mazza on trading the 'Magnificent 7' with ETFs
Roundhill's Dave Mazza on trading the 'Magnificent 7' with ETFs
MAGQ
CNBC Television18 March 2024

Dave Mazza, Roundhill Investments chief strategy officer, joins CNBC's Dom Chu to discuss Roundhill's new leveraged and inverse 'Magnificent 7' products, and if it's time to change the strategy around the group.

FAQ

  • What is MAGQ ETF?
  • Does MAGQ pay dividends?
  • What is the current assets under management for MAGQ?
  • What is MAGQ average volume?
  • What is MAGQ expense ratio?
  • What is MAGQ inception date?

What is MAGQ ETF?

MAGQ ETF is an exchange-traded fund that focuses on investing in companies with strong growth potential in the technology sector. It aims to provide investors with exposure to innovative firms, offering a diversified portfolio that seeks long-term capital appreciation. Ideal for growth-oriented investors.

Does MAGQ pay dividends?

No, the Roundhill Daily Inverse Magnificent Seven ETF doesn't pay dividends

What is the current assets under management for MAGQ?

Assets under management of Roundhill Daily Inverse Magnificent Seven ETF is $903 K

What is MAGQ average volume?

Average volume of Roundhill Daily Inverse Magnificent Seven ETF is $3504

What is MAGQ expense ratio?

Expense ratio of Roundhill Daily Inverse Magnificent Seven ETF is 0.95%

What is MAGQ inception date?

null