These 8 Fringe ETF Returns Ranged From +13% To -5% Last Week
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If you are interested in any of the cannabis (both LPs and MSOs), psychedelic (all clinical-stage), cryptocurrency (specifically Bitcoin), artificial intelligence (AI), "vice" industries, and/or gold and silver junior miner categories then you might want to buy one or more of the 8 ETFs analyzed in this article.
Below is a description of each ETF, their performances in descending order last week, and how they compare with the munKNEE portfolios that track the same categories on a regular basis on TalkMarkets.com:
- The AdvisorShares Pure U.S. Cannabis ETF (MSOS): UP 12.8%
- consists exclusively of 47 American multi-state operators (MSOs),
- was DOWN 72% in 2022, and
- is DOWN 10.6% YTD
- Read 7 Largest American Cannabis Stocks Advanced 13.5%, On Average, This Week
- The AdvisorShares Psychedelics ETF (PSIL): UP 10.3%
- consists of 23 constituents,
- was DOWN 68% in 2022, and
- is now only UP 1.1% YTD
- Read Psychedelic Stocks Jumped 10% Last Week
- The Global X Cannabis ETF (POTX): UP 3.4%
- consists of 19 constituents of which 57% are Canadian licensed producers (LPs),
- was DOWN 69% in 2022,
- is now DOWN 40.7% YTD
- Read Canadian Cannabis LPs Index Advanced This Week
- The iShares MSCI Global Silver ETF (SLVP): UP 1.9%
- consists of 43 constituents,
- was DOWN 16% in 2022,
- is now DOWN 9.8% YTD.
- Read Average Silver Forecast Of 26 Analysts: $31.82 By End Of 2023
- The Sprott Junior Gold Miners ETF (SGDJ): UP 1.5%
- consists of 45 constituents,
- was DOWN 29% in 2022,
- is now DOWN 2.5% YTD
- Read These 44 Gold Analysts Provide Specific Forecast Dates
- The AdvisorsShare VICE ETF (VICE): UP 1.5%
- invests in "vice" industries which include alcohol and beer (43%), gaming and casinos (29%), tobacco and cannabis (17%), hospitality (6%) and other related business activities (5%) stocks,
- was DOWN 18% in 2022, and
- is now UP 6.3% YTD
- Read Conservative "Cannabis" Stocks Up Slightly Last Week
- The Global X Artificial Intelligence & Technology ETF (AIQ): DOWN 0.8%
- invests in 93 companies developing and utilizing artificial intelligence technology in their products and services,
- was DOWN 37% in 2022, and
- is now UP 38.0% YTD.
- Read These 9 Artificial Intelligence Stocks Are In A Bubble: Up 161% YTD
- The ProShares Bitcoin Strategy ETF (BITO): DOWN 4.7%
- consists of 1 constituent,
- was DOWN 65% in 2022, and
- is now UP 55.2% YTD
- Related Article: An Easy Way To Invest In Bitcoin
In total, the above 8 ETFs went DOWN 0.3% last week but remain UP 7.1% YTD. In comparison, SPY (S&P 500 ETF) went DOWN 1.1% last week but is still UP 14.7% YTD.
More By This Author:
These 9 Artificial Intelligence Stocks Are In A Bubble: Up 161% YTD
Conservative "Cannabis" Stocks Up Slightly Last Week
Psychedelic Stocks Jumped 10% Last Week
Disclosure: None
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