MJIN

ETFMG 2X Daily Inverse Alternative Harvest ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 11/24/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MJIN 20.42% -- -- -- -- -- --
MJIN (NAV) 8.94% -- -- -- -- -- --
Prime Alternative Harvest Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MJIN Summary Data

ETFMG
10/05/21
Open-Ended Fund
0.95%
$671.40K
3.59%
N/A

MJIN Portfolio Data

--
N/A

MJIN Index Data

Market Cap
Market Cap
N/A

MJIN Fund Structure

No
No
-- / --
N/A
N/A
Low
-2
Daily

MJIN Tax Exposures

20.00% / 39.60%
--
No

MJIN Factset Analytics Block Liquidity

As of 11/25/21
5
4
3
2
1

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.

MJIN Tradability

2,208
$21.38K
477
$3.70K
3.59%
$0.33
-0.07%
2.66% / -5.68%
None
--
10,000
0.05
--
--
--
$10.84
N/A