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Performances of ETFs Investing in Cannabis Stocks in Week 48

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These ETFs are investing in cannabis stocks

Cannabis industry ETFs are designed for those investors who don’t have the capacity to hold many stocks but are interested in diversifying within the cannabis sector.

Besides diversification, ETFs offer other benefits, such as the ability to sell short, buy on margin, and purchase even a single unit.

The chart above compares the returns of cannabis ETFs in the last week.

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Horizons Marijuana Life Sciences Index ETF

The Horizons Marijuana Life Sciences Index ETF (HMMJ) is focused on North America–based, publicly listed life sciences companies with significant business in the marijuana industry. The fund has been operational since April 2017, and its market cap is 764.1 million Canadian dollars as of November 30. Its price has fallen ~1.9% in the last week, while its price has fallen ~9.2% YTD (year-to-date) to 17.51 Canadian dollars as of November 30.

ETFMG Alternative Harvest ETF

The ETFMG Alternative Harvest ETF (MJ) is focused on those companies with significant business in the cultivation, production, or marketing of cannabis for medicinal or nonmedicinal use. The fund has been operational since March 2015, and its market cap is $653.2 million as of November 30. It’s risen ~0.5% in the last week, while it’s fallen ~9.4% YTD to $29.36 as of November 30. MJ holds 1.3% of its total investments in 22nd Century Group (XXII), 0.9% in Vivo Cannabis (VVCIF), and 7.3% in Aurora Cannabis (ACB).

Evolve Marijuana ETF

The Evolve Marijuana ETF (SEED) is focused on companies involved in the marijuana industry. The fund has been operational since February, and its market cap is 8.0 million Canadian dollars as of November 30. Its price has fallen ~2.9% in the last week, and it’s risen ~3.2% YTD to 20.63 Canadian dollars as of November 30.

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