Roundhill Daily 2X Long Magnificent Seven ETF(NASDAQ:MAGX)

MAGX is designed for making bullish bets on the Roundhill Magnificent Seven ETF (MAGS) through swap agreements. The objective is to obtain daily inverse leveraged exposure equivalent to 200% of the fund's net assets, to maintain this exposure daily rebalancing is performed to adjust to MAGS daily price movements. As a geared product, the fund is considered a short-term tactical tool rather than a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This high-risk strategy does not include defensive positions in its overall process. It is important to note that the fund could potentially lose money over time, even if MAGS's performance weakens. MAGS strategy targets a narrow portfolio of 5-10 stocks, publicly known as tech giants. The exposure attempts to capture the largest companies in the following industries: social media, e-commerce, consumer discretionary, cloud computing, tech hardware, and software.