Horizons Marijuana Life Sciences Index ETF (“HMMJ” or “ETF”) attempts to replicate the performance of the North American Marijuana Index (the “Index”), net of fees, to the greatest degree feasible.
Is it wise to invest in HMMJ?
Horizon’s Medical Marijuana’s Stockchase rating is established using stock gurus’ signals. A high score indicates that experts like to buy the stock, whereas a low score indicates that experts prefer to sell the stock.
Is HMMJ under active management?
HMMJ is an index (or passively managed) ETF that tries to replicate the performance of the North American Marijuana Index, net of fees, to the greatest extent practicable. This quarterly rebalanced index was created to provide exposure to the performance of a basket of publicly traded North American life sciences companies with significant marijuana-related business operations. The North American Marijuana Index selects from a current universe of companies with operations that may comprise one or more offerings of biopharmaceuticals, medical manufacturing, distribution, bio-products, and other marijuana-related ancillary businesses.
“All eyes were on the Canadian cannabis industry’s upward momentum into 2021 after its powerful recovery in late 2020,” stated one analyst.
How do you tell the difference between HMMJ and HMMJ U?
The ticker symbol “HMMJ” will be used to trade HMMJ units denominated in US dollars. Both the HMMJ and the HMMJ are legal in the United States. The same exchange traded fund is referred to by U tickers. The currency in which they trade is the only distinction between the two listings.
What exactly is BetaPro?
Horizons ETFs was formerly known as BetaPro Management Inc., a subsidiary of Jovian Capital Corp, and traded direct-commodities related ETFs, leveraged ETFs, and inverse ETFs. It was founded in 2005. Horizons BetaPro began selling two funds that tracked the S&P and Toronto Stock Exchange (TSX) in January 2006: the S&P/TSX 60 Bull Plus Fund and the S&P/TSX 60 Bear Plus Fund. BetaPro Management and its subsidiary AlphaPro Management were sold to Mirae Asset Global Investments, based in Seoul, South Korea, in 2011.
Horizons ETFs introduced the Horizons Marijuana Life Sciences Index ETF (HMMJ) in 2017, the first marijuana-related exchange-traded fund in North America. On April 5, 2017, HMMJ was listed on the Toronto Stock Exchange. HMMJ’s assets have grown to CAD$1 billion by September 2018. HMMJ returned a 60% gain in 2018, despite big losses at the end of September and the last two weeks of October. During the 201718 NBA season, Horizons ETFs was also a sponsor of the Toronto Raptors. In August 2017, Scotiabank bought the naming rights to the Toronto Maple Leafs and Raptors’ home arena and exercised a veto on competing organizations, effectively ending Horizons’ sponsorship of the Raptors before the 201819 NBA season.
Horizons launched the Horizons Junior Marijuana Growers Index ETF (HMJR) on the NEO Exchange on February 14, 2018. Smaller marijuana enterprises involved in cultivation, processing, and distribution are subject to HMJR. It also started trading the Horizons Blockchain Technology & Hardware Index ETF on June 21, 2018. Horizons was also among the cannabis sector companies who gathered to ring the Toronto Stock Exchange’s opening bell on October 17, 2018, the day Canada legalized recreational marijuana usage. The business launched the Horizons Active A.I. Global Equity ETF in November 2018, which uses artificial intelligence to make investment decisions.
Horizons ETFs launched the Horizons US Marijuana Index ETF in April 2019, which is an index ETF focused on the cannabis market in the United States. The next month saw the launch of BetaPro Marijuana Companies 2x Daily Bull ETF and BetaPro Marijuana Companies Inverse ETF, the first leveraged and inverse cannabis ETFs, respectively.
Horizon ETFs are owned by who?
Horizons ETFs offers a broad selection of solutions for investors of all levels of experience to achieve their investing objectives in a variety of market scenarios. The Mirae Asset Global Investments Group owns Horizons ETFs.
What does.u stand for?
Stock symbols are also used to provide information about a company’s trading status. On the New York Stock Exchange, this information is commonly represented by one letter after a dot after the stock’s normal company symbol.
Stocks that are late in some exchange criteria on the Nasdaq are given a fifth letter. The first four characters of ACERW, for example, are the stock symbol for Acer Therapeutics Inc. (ACER), while the last letter ‘W’ denotes that the shares are subject to warrants.
A firm in bankruptcy will have the letter Q after its ticker symbol, while a non-US company trading in US financial markets will have the letter Y after its ticker symbol. The following are the meanings of the letters from A to Z:
- C: Qualification of the Issuer Exception: if a firm does not meet all of the exchange’s listing requirements, it can still be listed for a limited time.
- E: One or more SEC mandated filings are late or missing (may also be denoted by .LF)
- Miscellaneous (L) (e.g., foreign preferred, third-class of warrants, preferred when-issued, fifth class preferred shares, etc.)
- V: When it was issued and when it was circulated. These shares are about to undergo a previously stated corporate action plan, such as a stock split.