2024-07-24 14:42:09 ET
Summary
- 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.
...
Read the full article on Seeking Alpha
For further details see:
MAGQ: A Loss-Offset Play For When The Magnificent 7 Magic Fades