Redhill Daily 2x Leveraged & Inverse ETF (MAGX)
BATS BATS Primary Summary
MAGX Chart
MAGX: Leveraging Magnificent 7 Returns While They Last
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.
Redhill Daily 2x Leveraged & Inverse ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Kevin Stillman Evernest Financial Advisors, LLC | 5,735 | $293,403 | $326,493.55 | $33,090.55 | 11.28% |
Redhill Daily 2x Leveraged & Inverse ETF (MAGX) FAQ
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Redhill Daily 2x Leveraged & Inverse ETF Profile
| BATS Exchange | US Country |
Overview
The fund operates as an actively managed Exchange-Traded Fund (ETF) with a primary focus on capital growth. Its investment strategy involves both direct investments in shares of the fund and engaging in derivatives such as swap agreements and futures contracts to replicate the fund's returns. This approach enables the fund to aim for its investment objective of growth in capital. It is important to note that the fund is characterized as non-diversified, indicating a concentration in investments that may involve higher risks and potentially higher rewards.
Products and Services
The fund provides a unique investment vehicle comprising:
- Direct Shares Investment: The fund invests directly in its shares, offering investors a direct equity interest in its portfolio. This approach allows for active management and allocation of resources towards securities that the fund's management believes have the potential for high growth.
- Derivatives Instruments:
- Swap Agreements: These are contracts through which the fund can exchange financial instruments or cash flows with another party. This method is used to gain exposure to the returns of the fund without directly owning the underlying assets, potentially enhancing the fund's return on investment.
- Futures Contracts: Futures are standardized contracts to buy or sell a specific asset at a predetermined price at a specified time in the future. By investing in futures contracts, the fund aims to predict and benefit from the future price movements of its assets.
