BUDX - MJ's inverse leveraged cannabis ETF MJIN hits the market

ETFMG debuts the ETFMG 2x Daily Inverse Alternative Harvest ETF (NYSEARCA:MJIN), which has ticked down slightly at the open. MJIN is a 2x inverse leveraged play on the ETFMG Alternative Harvest ETF (NYSEARCA:MJ), whose $1.06B in assets under management make it the largest cannabis ETF. Just like MJ, MJIN tracks the Prime Alternative Harvest Index. However, it does so in a leveraged, inverse fashion. As such, it provides inverse exposure to the Prime Alternative Harvest Index's roster of stocks engaged in legal cannabis and industrial-hemp farming, as well as the legal production, marketing or distribution of medical and recreational cannabis. However, MJIN comes with a 0.95% expense ratio, whereas MJ has a 0.75% ratio. “While most investors are primarily focused on capturing the long-term potential of the cannabis industry, many have been seeking a short-term trading vehicle to help hedge [the] downside volatility that can come along with investing in an emerging sector," ETFMG’s Jason

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MJ's inverse leveraged cannabis ETF MJIN hits the market