ETF Managers Group LLC, the leading exchange-traded fund issuer, announced that the ETFMG 2x Daily Alternative Harvest ETF (NYSE Arca: MJXL) will begin trading today in New York Stock Exchange. MJXL is designed to seek daily leveraged investment results, before fees and expenses, of two times (2x) or 200% 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 Fund is ETFMG’s third cannabis investment offering, joining MJ, the first U.S. listed and world’s largest cannabis ETF, and MJUS, providing access to top names in U.S. cannabis, including multi-state operators (MSOs). MJXL also adds to the firm’s new suite of 2x Daily Leveraged ETFs, structured to give investors short-term, magnified exposure to high-growth themes already offered by ETFMG. “We’re proud to be adding yet another cannabis and leveraged ETF to our fund lineup,” says Sam Masucci, CEO, and Founder of ETFMG. “MJXL is a direct answer to increased investor demand for amplified exposure to global cannabis. ETFMG has become a one-stop-shop for those interested in investing in cannabis.”
Mmp News Author, Medical Marijuana Program Connection, 07/07/2021 11:06:00