Short positions and Thursday trading
The Markets Daily reported a short-interest ratio of 0.1 days, using average trading volume of 786 shares. The proportion of fund shares sold short was approximately 0.0%.
MAGA traded at $57.19 on Thursday, down $0.40, or 0.7%. Trading volume reached 3,528 shares, compared with an average of 1,102.
The price compared with simple moving averages of $55.74 over 50 days and $55.46 over 200 days. Over the previous 52 weeks, shares ranged between $50.21 and $58.96. The reported market capitalization was $31.45 million, with a price-to-earnings ratio of 19.67 and a beta of 0.82.
A new name with the same ticker
Yorkville America Equities acquired the fund and reorganized it as the Truth Social America First ETF effective July 27, 2026, according to a PR Newswire release carried by Yahoo Finance. It retained its NYSE Arca listing and MAGA ticker.
Point Bridge Capital continues as sub-adviser, while its founder, Hal Lambert, remains portfolio manager. MAGA joined five index-tracking Truth Social ETFs and the Truth Social God Bless America ETF, known by the ticker YALL, bringing the suite to seven funds.
The fund originally launched on September 6, 2017.
Political giving shapes the portfolio
MAGA follows the Point Bridge America First Index, which selects U.S. large-cap companies based on Republican support from their employees and political action committees. Four Percent Rule describes a selection process that begins with the Solactive 500 Index and applies both political-contribution and U.S. business-exposure requirements.
Companies are excluded if their employees and political action committees contributed less than $25,000 in total across the two most recent election cycles. They are also excluded if less than half their assets are in the United States; revenue is used for that test when asset data is unavailable.
The eligible companies are then ranked using Federal Election Commission data, primarily net contribution dollars and the net share of giving to Republican versus Democratic candidates and party committees. The index selects the top 150 and assigns them equal weights.
Four Percent Rule reported 150 securities in the portfolio as of June 30, 2026. The 10 largest positions accounted for 8.84% of assets. Devon Energy, Axon Enterprise, Robinhood Markets, Delta Air Lines and Southwest Airlines were the largest holdings, each representing roughly 0.9% to 1.1%. Financials, industrials and energy were the biggest sector exposures.
Fees, performance and annual payouts
The fund's annual expense ratio is 0.72%, compared with a 0.28% average for the eight most similar funds in Four Percent Rule's comparison. Its net assets totaled about $30.8 million as of June 30, 2026.
With distributions reinvested, MAGA returned 11.9% over the year through November 6, 2026, while the S&P 500 returned 13.4%, according to Four Percent Rule. The fund's annualized return was 8.8% over five years and about 10.8% since its 2017 launch.
MAGA makes annual distributions. In the 12 months through October 27, 2026, those payments totaled $0.83 per share, representing a yield of approximately 1.47% to 1.48%.
