Roundhill Magnificent Seven Covered Call ETF (MAGY)Derivative Income | Exchange Traded Fund | Cboe US
42.84 USD
-0.37
(-0.856%) ⇩
(July 13, 2026, 3:59 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:12 a.m. EDT
The most critical signal here is the massive disconnect between the headline yield and the underlying asset performance. While the 9.39% dividend yield looks attractive on paper, the price history reveals a brutal reality: the fund has lost nearly 25% of its value over the last year, dropping from roughly $57 to the current $43 level. This indicates the 'Magnificent Seven' strategy is currently failing to generate alpha, forcing the ETF to rely entirely on dividends to maintain value. The recent price action shows a bottoming out pattern, trading near the 52-week low, which provides some relief, but the momentum remains deeply negative. Options data confirms this pessimism, with traders buying protection at strikes far above the current price rather than betting on a rally. For investors, this is a classic 'value trap' scenario where the high yield is compensation for significant capital destruction. It is suitable only for those who can stomach further price declines in exchange for income, but it lacks the fundamental growth story required for a long-term hold. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.029064 |
| AutoTheta | 0.032779 |
| AutoETS | 0.035289 |
| MSTL | 0.035655 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 59% |
| H-stat | 2.04 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.272 |
| Excess Kurtosis | -0.82 |
As of July 11, 2026, 3:12 a.m. EDT: Speculators are positioning defensively with heavy put volume at strikes significantly above the current price (e.g., $52, $55 for September expiration), suggesting a fear of a sharp downside move or a test of lower support levels. Conversely, call activity is sparse and concentrated near the money, indicating a lack of aggressive bullish conviction despite the high yield.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.56% | 32.50% | — | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-07-10 | 0.242 | 0.560056 |
| 2026-07-02 | 0.255 | 0.603693 |
| 2026-06-26 | 0.255 | 0.614754 |
| 2026-06-18 | 0.215 | 0.488303 |
| 2026-06-12 | 0.229 | 0.526195 |
| 2026-06-05 | 0.223 | 0.498770 |
| 2026-05-29 | 0.230 | 0.483701 |
| 2026-05-22 | 0.223 | 0.475378 |
| 2026-05-15 | 0.221 | 0.468320 |
| 2026-05-08 | 0.270 | 0.574224 |
| 2026-05-01 | 0.270 | 0.584163 |
| 2026-04-24 | 0.261 | 0.566161 |
| 2026-04-17 | 0.252 | 0.549259 |
| 2026-04-10 | 0.249 | 0.548821 |
| 2026-04-02 | 0.265 | 0.595773 |
| 2026-03-27 | 0.273 | 0.633852 |
| 2026-03-20 | 0.273 | 0.602383 |
| 2026-03-13 | 0.281 | 0.602746 |
| 2026-03-06 | 0.281 | 0.589346 |
| 2026-02-27 | 0.275 | 0.575675 |
| 2026-02-20 | 0.290 | 0.595972 |
| 2026-02-13 | 0.298 | 0.621870 |
| 2026-02-06 | 0.298 | 0.602507 |
| 2026-01-30 | 0.341 | 0.655391 |
| 2026-01-23 | 0.349 | 0.675964 |
| 2026-01-16 | 0.352 | 0.682700 |
| 2026-01-09 | 0.362 | 0.687429 |
| 2026-01-02 | 0.360 | 0.685845 |
| 2025-12-24 | 0.353 | 0.657748 |
| 2025-12-19 | 0.363 | 0.676734 |
| 2025-12-12 | 0.366 | 0.687324 |
| 2025-12-05 | 0.361 | 0.663603 |
| 2025-11-28 | 0.361 | 0.668271 |
| 2025-11-21 | 0.369 | 0.692958 |
| 2025-11-14 | 0.386 | 0.707608 |
| 2025-11-07 | 0.376 | 0.683015 |
| 2025-10-31 | 0.373 | 0.654386 |
| 2025-10-24 | 0.367 | 0.650133 |
| 2025-10-17 | 0.376 | 0.674439 |
| 2025-10-10 | 0.376 | 0.684383 |
| 2025-10-03 | 0.387 | 0.685198 |
| 2025-09-26 | 0.380 | 0.671259 |
| 2025-09-19 | 0.380 | 0.666550 |
| 2025-09-12 | 0.376 | 0.661157 |
| 2025-09-05 | 0.376 | 0.665487 |
| 2025-08-29 | 0.386 | 0.684519 |
| 2025-08-22 | 0.380 | 0.673878 |
| 2025-08-15 | 0.377 | 0.661636 |
| 2025-08-08 | 0.387 | 0.680859 |
| 2025-08-01 | 0.380 | 0.673699 |
| 2025-07-25 | 0.385 | 0.670381 |
| 2025-07-18 | 0.376 | 0.656081 |
| 2025-07-11 | 0.382 | 0.669236 |
| 2025-07-03 | 0.376 | 0.659765 |
| 2025-06-27 | 0.376 | 0.662298 |
| 2025-06-20 | 0.276 | 0.490057 |
| 2025-06-13 | 0.276 | 0.489535 |
| 2025-06-06 | 0.276 | 0.492374 |
| 2025-05-30 | 0.276 | 0.494801 |
| 2025-05-23 | 0.274 | 0.501960 |
| 2025-05-16 | 0.480 | 0.856760 |
| 2025-05-09 | 0.480 | 0.878574 |
| Attribute | Value |
|---|---|
| All Time High | 58.34 |
| All Time Low | 40.86 |
| Ask | 43.63 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 56,900 |
| Average Daily Volume3 Month | 72,844 |
| Average Volume | 72,844 |
| Average Volume10Days | 56,900 |
| Beta3 Year | 0.0 |
| Bid | 42.0 |
| Bid Size | 700 |
| Category | Derivative Income |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 43.25 |
| Day Low | 42.8 |
| Dividend Yield | 9.39 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 45.10882 |
| Fifty Day Average Change | -2.2688217 |
| Fifty Day Average Change Percent | -0.05029663 |
| Fifty Two Week Change Percent | -24.402534 |
| Fifty Two Week High | 58.34 |
| Fifty Two Week High Change | -15.5 |
| Fifty Two Week High Change Percent | -0.26568392 |
| Fifty Two Week Low | 40.86 |
| Fifty Two Week Low Change | 1.9799995 |
| Fifty Two Week Low Change Percent | 0.048458137 |
| Fifty Two Week Range | 40.86 - 58.34 |
| First Trade Date Milliseconds | 1,745,415,000,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Roundhill Investments |
| Fund Inception Date | 1,745,280,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The manager 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 fund is non-diversified. |
| Long Name | Roundhill Magnificent Seven Covered Call ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1934656373 |
| Nav Price | 43.2388 |
| Net Assets | 130,906,456.0 |
| Net Expense Ratio | 0.99 |
| Open | 43.04 |
| Pre Market Change | 0.45000076 |
| Pre Market Change Percent | 1.050422 |
| Pre Market Price | 43.29 |
| Pre Market Time | 1,784,021,787 |
| Previous Close | 43.21 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.369999 |
| Regular Market Change Percent | -0.856281 |
| Regular Market Day High | 43.25 |
| Regular Market Day Low | 42.8 |
| Regular Market Day Range | 42.8 - 43.25 |
| Regular Market Open | 43.04 |
| Regular Market Previous Close | 43.21 |
| Regular Market Price | 42.84 |
| Regular Market Time | 1,783,972,792 |
| Regular Market Volume | 39,858 |
| Short Name | Roundhill Magnificent Seven Cov |
| Source Interval | 15 |
| Symbol | MAGY |
| Total Assets | 130,906,456 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 1.36879 |
| Trailing Three Month Returns | 1.36879 |
| Triggerable | 1 |
| Two Hundred Day Average | 49.95002 |
| Two Hundred Day Average Change | -7.1100197 |
| Two Hundred Day Average Change Percent | -0.14234269 |
| Type Disp | ETF |
| Volume | 39,858 |
| Yield | 0.0939 |
| Ytd Return | -7.77467 |