|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||16.31 - 17.12|
|52 Week Range||16.31 - 22.61|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
Marijuana stocks in general have declined since Canada legalized marijuana for recreational use a little over a year ago. While investors have been caught up in trying to identify the next big trend, valuations ...
The Global X Cannabis ETF (NASDAQ: POTX) is the newest member of the marijuana ETFs universe having debuted last month. POTX came to market at a time of struggles for cannabis stocks and the related ETFs ...
MJ seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Prime Alternative Harvest Index. The index is designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives. It's a different ballgame these days as many marijuana stocks, even after recent declines, appear expensive and many still aren't close to profitability.
Wall Street suffered its worst daily drop since late August and was off to the worst start to a quarter in about a decade with two consecutive days of decline.
The Global X Cannabis ETF (NASDAQ: POTX) is the newest addition to the cannabis ETFs fray and like rival new cannabis ETFs, the fund is dealing with some rough timing because marijuana stocks have been slumping. POTX’s underlying index holds “companies involved in the legal production, growth and distribution of cannabis and industrial hemp, as well as those involved in providing financial services to the cannabis industry, pharmaceutical applications of cannabis, cannabidiol (i.e., CBD), or other related uses including but not limited to extracts, derivatives or synthetic versions,” according to Global X. There are some inklings the political environment in the U.S. is growing increasingly favorable toward the cannabis industry and related investments.
The universe of cannabis ETFs available to U.S. investors continues expanding. After a busy summer that saw three of these funds debut, taking the number of related options on U.S. exchanges to five, the ...