New Leveraged Cannabis ETF Hits The Market: MJXL By ETFMG

There’s a new cannabis ETF in town, and it’s leveraged.

Launched by ETF Managers Group (ETFMG), the thematic exchange-traded fund issuer behind the world’s largest cannabis ETF, the ETFMG Alternative Harvest ETF MJ, ETFMG 2x Daily Alternative Harvest ETF MJXL is designed to seek daily leveraged exposure of 2x to the performance of its Prime Alternative Harvest benchmark index.

“It’s exciting to launch another leveraged ETF that provides amplified exposure to a high-growth theme,” Sam Masucci, CEO and founder of ETFMG, told Benzinga. “MJXL joins our cannabis suite of ETFs alongside MJ, our first-to-market global cannabis fund, and MJUS, which provides access to top names in U.S. cannabis, including MSOs. ETFMG has become a one-stop shop for cannabis investing as the legal landscape expands exponentially.”

Encuentra nuestro contenido en Español en El Planteo:

• Conoce a MJUS: El Nuevo ETF de Cannabis en la Bolsa de Nueva York
• Gerentes Explican sus ETF de Cannabis: CNBS
• Gerentes Explican sus ETF de Cannabis: MJ
• Photo: Patrick Weissenberger on Unsplash