FYI: The Summer of ’19 has been an up-and-down season for marijuana exchange-traded funds. On the up side, three U.S.-listed cannabis ETFs launched in July. On the down side, the share price of these and the other two U.S.-listed pot-focused ETFs have been riding a southbound train that has taken them into negative territory so far this quarter.
With summer’s end in sight, get ready for another pot ETF after AdvisorShares this week filed with the Securities and Exchange Commission for the AdvisorShares Pure US Cannabis ETF (MJUS), which would be the first ETF to focus on the U.S. cannabis trade.
Regards,
Ted
https://www.fa-mag.com/news/advisorshares-files-to-launch-u-s--focused-pot-etf-51299.html?print
