2-Jan-2026
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The Fund's primary investment objective is to provide current income. The Fund seeks to achieve its investment objectives through a covered call strategy, pursuant to which the Fund purchases shares of the Roundhill Magnificent Seven ETF (the "MAGS ETF") and simultaneously sells out-of-the-money call options that utilize the MAGS ETF as the reference asset ("MAGS ETF Call Options"), providing for current income on a weekly basis. The MAGS ETF is an actively managed ETF that seeks to achieve its investment objective through investment exposure to the companies comprising the "Magnificent Seven," a group of seven companies commonly recognized for their market dominance in technological innovation. The Fund will achieve its long exposure to the MAGS ETF by holding shares of the MAGS ETF. The Fund will also seek to generate income through the sale of MAGS ETF Call Options, representing an equivalent notional value to the shares of the MAGS ETF held by the Fund. The options contracts that the Fund utilizes in implementing its investment strategy will be traditional exchange-traded options contracts and/or FLexible EXchange options ("FLEX Options").
Roundhill Magnificent Seven Covered Call ETF trades on the BATS stock market under the symbol MAGY.
As of January 2, 2026, MAGY stock price declined to $52.49 with 244,952 million shares trading.
MAGY has a beta of 0.75, meaning it tends to be less sensitive to market movements. MAGY has a correlation of 0.73 to the broad based SPY ETF.
MAGY has a market cap of $225.71 million. This is considered a Small Cap stock.
MAGY support price is $52.57 and resistance is $53.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MAGY shares will trade within this expected range on the day.