MAGX is an actively managed fund-of-funds aiming to achieve 2x the return, for a single day, of the Roundhill Magnificent Seven ETF (MAGS) through derivative instruments such as swaps.
The Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) ETF price today is $48.30. The ETF currently has a market capitalization of $56.99M, with a daily trading volume of $63.95K shares.
For investors analyzing ETF performance, Roundhill Daily 2X Long Magnificent Seven ETF has traded within a daily range of $47.99 - $48.96, with the previous close at $50.21. This data provides insight into recent price fluctuations and liquidity.
Ready to get started? Follow the steps below, or read our guide on how to buy Roundhill Daily 2X Long Magnificent Seven ETF stock on Kraken starting from $10.
Create an account
Open the Kraken app to confirm your eligibility and follow the steps for account verification.
Deposit funds
Once your account has been verified and stock trading is unlocked, you can deposit funds into your account using your preferred payment method.
Buy MAGX
Search for MAGX in the Kraken app, enter the amount you want to invest, review the important details and tap Confirm to place an order to buy MAGX.
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Currently available in the U.S. only; may not be available in all states. Brokerage services are provided by Kraken Securities LLC, member FINRA/SIPC. Please view the firm’s profile, registration and background of our registered reps on https://brokercheck.finra.org/. Digital asset services offered by Payward Interactive, not a member of FINRA/ SIPC and not FDIC insured. This is not an offer, solicitation, inducement or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Kraken Securities is not registered. All trading involves risk, including loss of your investments. View full disclosures at: Equities Disclosures and Crypto Risk Disclosures.
Leveraged and inverse ETFs typically are designed to achieve their stated performance objectives on a daily basis, but investors should be aware that performance of these ETFs over a period longer than one day can differ significantly from their stated daily performance objectives. Investors considering ETFs should evaluate each investment closely and not assume all ETFs are alike. Leveraged ETFs seek to deliver multiples of the performance of the index or benchmark it tracks. Inverse ETFs (also called “short” funds) seek to deliver the opposite of the performance of the index or benchmark it tracks. See the full disclaimer HERE.
*Other applicable fees may apply.
