Tuesday , 12 November 2019


Cannabis Central: October Update Of Marijuana ETF Performances

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The performance of the 15 marijuana/marijuana-related ETFs varies dramatically depending on their makeup of constituents. In October this segment of the cannabis market ranged from +/-0% to -14.3% (excluding the 2 leveraged ETFs) and declined on average by 8.4% in total.

By Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money!

The marijuana & marijuana-related ETFs segment of the cannabis market consists of 15 ETFs of which 2 are US-centric (HMUS; USMJ), 2 are leveraged plays (HMJU; HMJI), 2 are marijuana/marijuana-related plays (ACT; MJ) and the remaining 9 are more broadly based. In addition, 7 the 15 are passively managed and 8 are actively managed.

The ETFs (excluding the leveraged ETFs) experienced a:

  • decline 8.4% in October, on average vs. a
  • decline of 13.3% in September, on average, following on the heels of a
  • decline of 11.9%, on average, in August.

Below is a summary of  the performance of all 15 marijuana ETFs last week:

Name Symbol Oct.31 Price Sept.30 Price % Change 2019 Peak Price
1.  AdvisorShares Pure Cannabis ETF YOLO $13.28 $14.56 -8.8% $26.24  
 2. Amplify Seymour Cannabis ETF CNBS $15.88 $17.99 -11.7% $24.93  
3.
  BetaPro Marijuana Companies 2x Daily Bull ETF
HMJU $4.34 $5.89 -26.3% $21.01  
 4. BetaPro Marijuana Companies Inverse ETF HMJI $33.61 $30.72 +9.4% $19.69  
 5. Cambria Marijuana Industry ETF TOKE $17.11 $18.85 -4.4% $25.58  
 6. Innovation Shares The Cannabis ETF THCX $15.10 $16.54 -9.2% $24.56  
 7. Evolve Marijuana Fund ETF SEED $14.03 $16.38 -14.3% $30.26  
 8. Global X Marijuana ETF POTX $17.95 $20.93 -14.2% $23.91  
 9. Evolve US Marijuana ETF USMJ $10.80 $11.78 -8.3% $21.45  
 10. Horizons Emerging Marijuana Growers ETF HMJR $3.17 $3.63 -12.7% $8.25  
 11. Advisor Shares VICE ETF ACT $23.59 $23.64 0.00% $25.84  
 12. Horizons Marijuana Life Sciences ETF HMMJ $10.46 $11.90 -12.1% $23.65  
 13. ETFMG Alternative Harvest ETF MJ $19.39 $20.76 -6.6% $37.94  
 
 14. Horizons US Marijuana Index ETF HMUS 4.56 $4.71 -3.2% $10.51  
 15. Purpose Marijuana Opportunities ETF MJJ 18.87 $19.48 -3.1% $36.04  

The Advisor Shares VICE ETF (Nasdaq:ACT) was the best performing marijuana/marijuana-related ETF again this month given its 30 diversified holdings (see here) in select alcohol companies (24.0%), alcohol companies with cannabis exposure (7.6%), tobacco companies (8.2%), tobacco companies with cannabis exposure (13.7%), restaurant & entertainment companies (16.1%) and cannabis companies (30.3%).

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