New Leveraged Cannabis ETF Hits The Market: MJXL By ETFMG

New Leveraged Cannabis ETF Hits The Market: MJXL By ETFMG

There’s a new cannabis ETF in town, and it’s leveraged.

Launched by ETF Managers Group (ETFMG), the thematic exchange-traded fund issuer behind the world’s largest cannabis ETF, the ETFMG Alternative Harvest ETF (NYSE: MJ), ETFMG 2x Daily Alternative Harvest ETF (NYSE: MJXL) is designed to seek daily leveraged exposure of 2x to the performance of its Prime Alternative Harvest benchmark index.

“It’s exciting to launch another leveraged ETF that provides amplified exposure to a high-growth theme,” Sam Masucci, CEO, and founder of ETFMG told Benzinga. “MJXL joins our cannabis suite of ETFs alongside MJ, our first-to-market global cannabis fund, and MJUS, which provides access to top names in U.S. cannabis, including MSOs. ETFMG has become a one-stop-shop for cannabis investing as the legal landscape expands exponentially.”

© 2021 Benzinga does not provide investment advice. All rights reserved.

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