MJINETFMG 2X Daily Inverse Alternative Harvest ETF
MJIN Fund Description
MJIN provides 2x daily inverse exposure to a market-cap-weighted index of cannabis firms located globally
MJIN Factset Analytics Insight
MJIN makes a bearish bet against the global cannabis sector. It attempts to return -2x the daily performance of an index comprising stocks that are engaged in the legal cultivation, production, marketing, or distribution of cannabis and cannabis-related products. The index screens for companies that legally derive more than half their revenue from cannabis-related activities, and weights the resulting portfolio on a market-cap basis. MJIN, which gets its leveraged inverse exposure through swap agreements, rebalances its leverage on a daily basis. The fund is meant to be a short-term trading vehicle, holding it for longer periods will expose the investor to compounding effects of the daily rebalancing. Additionally, MJIN has the ability to engage in stock lending, up to 33.3% of the portfolio, in order to increase income to the issuer.
MJIN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MJIN. MJIN is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.