The new ETFMG 2x Daily Inverse Alternative Harvest ETF MJIN from thematic ETF issuer ETF Managers Group LLC (ETFMG) started trading on the New York Stock Exchange on Wednesday.

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,” said 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:

• The ETFMG Alternative Harvest ETF MJ, the first U.S. listed and world’s largest cannabis ETF,
• The ETFMG US Alternative Harvest ETF MJUS, providing access to top names in U.S. cannabis, including multi-state operators (MSOs)
• The ETFMG 2X Daily Alternative Harvest ETF 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.

Other cannabis ETFs in the market include:

• The AdvisorShares Pure Cannabis ETF YOLO
• The AdvisorShares Pure US Cannabis ETF MSOS
• The Cannabis ETF THCX
• The Amplify Seymour Cannabis ETF CNBS

Más contenido sobre cannabis en Español en El Planteo:

• Gerentes Explican sus ETF de Cannabis: MJ
• ETF de Acciones Psicodélicas Horizons, Contado por su Gestor de Fondos