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High Times: The Marijuana ETF Soars To Start 2019
After slumping in the fourth quarter, the ETFMG Alternative Harvest ETF (NYSE: MJ), the only dedicated cannabis exchange traded fund listed in the United States, is off to a scintillating start in 2019.
MJ is up 22.69 percent since the start of 2019, making it the best-performing non-leveraged ETF in January.
What To Know
Year-to-date, just 36 U.S.-listed ETFs are up at least 20 percent and MJ is the only member of that group that is not an inverse or leveraged fund. MJ slumped nearly 22 percent in 2018 with much of those losses contained to the fourth quarter despite a slew of positive post-Election Day news pertaining to increased legalization of marijuana across the U.S.
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https://finance.yahoo.com/news/high-time...42131.html
After slumping in the fourth quarter, the ETFMG Alternative Harvest ETF (NYSE: MJ), the only dedicated cannabis exchange traded fund listed in the United States, is off to a scintillating start in 2019.
MJ is up 22.69 percent since the start of 2019, making it the best-performing non-leveraged ETF in January.
What To Know
Year-to-date, just 36 U.S.-listed ETFs are up at least 20 percent and MJ is the only member of that group that is not an inverse or leveraged fund. MJ slumped nearly 22 percent in 2018 with much of those losses contained to the fourth quarter despite a slew of positive post-Election Day news pertaining to increased legalization of marijuana across the U.S.
...
https://finance.yahoo.com/news/high-time...42131.html
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