ETF Managers Group (ETFMG®) Expands Cannabis and Leveraged Suites of ETFs with MJIN


Now offering -2x exposure to global cannabis with MJIN, from the issuer who brought investors the first U.S. and world’s largest cannabis ETF (NYSE Arca: MJ). SUMMIT, N.J.–(BUSINESS WIRE)–Leading thematic ETF issuer, ETF Managers Group LLC (ETFMG®), announced today that the ETFMG 2x Daily Inverse Alternative Harvest ETF (NYSE Arca: MJIN) will begin trading on the New York Stock Exchange. MJIN is designed to seek daily leveraged investment results, before fees and expenses, of two times the inverse (-2x) (or opposite) of the performance of the Prime Alternative Harvest Index, providing investors access to the global cannabis ecosystem and benefitting directly from widespread medicinal and recreational legalization initiatives. “The launch of MJIN marks another first-to-market for ETFMG and rounds out our full suite of cannabis investment offerings,” says Sam Masucci, CEO and Founder of ETFMG. “We are a one-stop-shop for investors looking to capitalize on the global and U.S. cannabis sectors.” MJIN is ETFMG’s fourth cannabis exchange-traded fund, joining MJ, the first U.S. listed and world’s largest cannabis ETF, MJUS, providing access to top names in U.S. cannabis, including multi-state operators (MSOs) and MJXL, providing 2x daily the performance of the Prime Alternative Harvest Index. The Fund also adds to the firm’s suite of 2x Daily Leveraged ETFs, structured to give investors short-term, magnified exposure to high-growth themes already offered by ETFMG. “Investor interest in the cannabis sector has continued to increase as the industry has expanded on the back of strong fundamentals and the growing prospect of legislative reform. While most investors are primarily focused on capturing the long-term potential of the cannabis industry, many have been seeking a short-term trading vehicle to help hedge, from time to time, the downside volatility that can come along with investing in an emerging sector. As the cannabis industry continues to expand…

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Source : ETF Managers Group (ETFMG®) Expands Cannabis and Leveraged Suites of ETFs with MJIN

reposted by Cannabis News World

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