Roundhill Daily 2X Long Magnificent Seven ETF

MAGX

Market cap $72.1M

In this risk-on market, levered themes have gathered inflows along with some outsized YTD returns. Many of today's levered ETFs are single-stock ETFs focused on high-flying companies such as Palantir.

MAGS and MAGX to transfer exchange listings from Nasdaq to Cboe BZX NEW YORK , Jan. 17, 2025 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on innovative financial products, has announced exchange listing changes for the Roundhill Magnificent Seven ETF (MAGS) and the Roundhill Daily 2x Magnificent Seven ETF (MAGX) from Nasdaq to Cboe BZX. No shareholder action is expected because of this change, nor is the transfer expected to affect the trading of fund shares.

Market showing signs of stress, potential gradual decline before another bull run. MAGX ETF provides 2X exposure to Magnificent 7 stocks, boosting portfolio returns during market gains. Risks of leveraged ETFs include daily rebalancing causing volatility decay, potential for eroded returns on down days.

Investors can now make turbocharged bets on or against the Magnificent Seven group of stocks due to the launch of an exchange-traded product offering five times leverage on the hot megacap technology sector. Of course, that doesn't mean they should.

Sign of top or next pop? Rush of new offerings spring up around Mag 7, weight loss.

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.