MJO

MicroSectors Cannabis 2x Leveraged ETN
*Unless otherwise stated, data provided by FactSet.

MJO Fund Description

MJO offers 2x leveraged exposure to North American Cannabis companies that are selected and weighted by market cap.

MJO Factset Analytics Insight

MJO is one of the first two ETNs that track an index of US and Canadian companies that provide products or services related to the medical or industrial use of cannabis or cannabis related products. The initial index constituents must meet minimum market capitalization and liquidity requirements. The initial universe is screened based on their percentage of revenue that is derived from five cannabis sub-themes (Cultivator, Pharmaceuticals, Testing & Analytics, Industrial Hemp, and Ancillary). The index is market-cap weighted, liquidity adjusted, with 9.9% cap to single security. Given the narrow industry and leveraged nature, investors should anticipate higher volatility in MJO. As a levered product with 2x factor that resets daily, MJO is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than one day period.

MJO Charts And Performance

  • 1 Month
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  • 1 Year
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PERFORMANCE [as of 09/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MJO -9.27% 10.92% -5.31% -- -- -- --
MJO (NAV) -9.97% 8.08% -7.78% -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MJO Summary Data

BMO
12/10/19
Exchange-Traded Note
0.95%
$9.76M
1.41%

MJO Portfolio Data

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N/A

MJO Index Data

Indxx MicroSectors North American Cannabis Index
Market Cap
Market Cap
N/A

MJO Fund Structure

Yes
--
N/A / N/A
BMO Asset Management, Inc.
N/A
High
2
None

MJO Tax Exposures

20.00% / 39.60%
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No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MJO Factset Analytics Block Liquidity

As of 09/22/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of MJO. MJO is rated a N/A out of 5.

MJO Tradability

406
$19.11K
159
$6.91K
1.41%
$0.74
0.15%
3.52% / -2.46%
None
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25,000
0.01
0.13%
--
0
$47.64
N/A