Roundhill Investments Launches Magnificent Seven Covered Call ETF (MAGY)

April 23, 2025—MAGY launch expands the firm's Magnificent Seven ETF lineup, which currently has over $1.7 billion in AUM.1
Roundhill Investments, an ETF sponsor focused on innovative financial products, is excited to announce the launch of the Roundhill Magnificent Seven Covered Call ETF (MAGY), which begins trading on Cboe BZX today.

MAGY seeks to provide current income on a weekly basis by employing a covered call strategy on the Magnificent Seven, a group of stocks that collectively represent roughly 29% of the S&P 500.2 MAGY implements a traditional covered call strategy by purchasing shares of the Roundhill Magnificent Seven ETF (MAGS) and writing calls against its MAGS holdings.

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Source: Roundhill Investments