We’ve just launched a new portal to help you explore stocks, crypto, ETFs, and more data

MAGX

31.99000 USD
0.59
1.88%
Last update May 8, 3:59 PM EDT
Market closed
Day range
31.57300
32.94000
Previous close
31.40000
Open
32.020000
Access this ETF data via API
Subscribe
Redhill Daily 2x Leveraged & Inverse ETF
31.99
0.59
1.88%

Overview

Description

The Redhill Daily 2x Leveraged & Inverse ETF is a type of exchange-traded fund designed to provide investors with magnified exposure to the performance of a targeted benchmark index. Featuring dual strategies, this ETF aims to deliver twice the returns of the underlying index on a daily basis in both directions – bullish and bearish. Lavished with flexibility, it caters to short-term tactical traders seeking to capitalize on directional market movements within a single day trading session. By employing derivatives and financial engineering techniques, the ETF allows investors to amplify potential profits but also increases risk exposure. It plays a noteworthy role in the financial market by facilitating hedging strategies, enhancing portfolio returns through leveraged positions, and offering inverse exposure to market downturns. Market participants typically include day traders, professional investors, and those managing complex financial strategies who utilize this dynamic tool to navigate market volatility, making it a distinctive instrument within the leveraged and inverse ETF category.

About

Address
Phone
Website
Instrument type
ETF
Country
United States
MIC code
XNMS
Market closed

Exchange is currently closed
Pre-market opens in 2 hours 37 minutes

01:22
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).