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 the HMMJ ETF a wise investment?
ETFs are a terrific method to diversify your risk by allowing you to invest in a basket of stocks. The HMMJ is one of the most popular marijuana ETFs, and it is currently trading at $6.43, down 75% from its all-time high.
The cannabis industry’s general decline has resulted in an extended bear market, which has fallen heavily on HMMJ as well. Innovative Industrial Properties (NYSE:IIPR), Canopy Growth, GW Pharmaceuticals, Aphria, and Cronos Group are the top five holdings of HMMJ as of October 2, 2020, accounting for 63 percent of the fund.
We can see that the ETF contains a decent mix of typical licensed producers, as well as ancillary pot companies and medical marijuana players, giving you exposure to a variety of marijuana-related verticals.
IIPR is a marijuana-focused real estate investment trust with a market cap of US$130 and a year-to-date gain of 75%. While cannabis companies struggle to stay profitable, IIPR provides a consistent stream of cash flow, resulting in a 3.6 percent projected dividend yield.
The company’s dividend yield has climbed by 368 percent in the last three years, and its concentration on acquisitions will help fund future dividend hikes as well. Large medical marijuana companies like Trulieve Cannabis and Cresco Labs are among IIPR’s clients.
Sales have climbed from US$6.42 million in 2017 to US$45 million this year. Sales are expected to climb by 147 percent to $110 million in 2020, and by 76.3 percent to $194 million in 2021, according to analysts following the company.
We can see why the HMMF ETF’s largest holding is an ancillary marijuana company.
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.
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 difference 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.
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.
What is a BetaPro Exchange-Traded Fund (ETF)?
BetaPro ETFs employ a corporate class structure to provide market-savvy investors with daily leveraged, inverted, and inverse leveraged exposure to a variety of indices or commodities.
What exactly is the 2X daily bull ETF?
The Direxion Daily S&P 500 Bull 2X Shares seek daily investment outcomes of 200 percent of the S&P 500 Index’s performance, before fees and expenses. The fund’s stated investment objective is not guaranteed to be met. As of January 7, 2022, NAVas.