PSDN Stock, AdvisorShares Poseidon Dynamic Cannabis ETF Information
Stock Information
| Company Name: | AdvisorShares Poseidon Dynamic Cannabis ETF |
| Stock Symbol: | PSDN |
| Market: | NYSE |
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About AdvisorShares Poseidon Dynamic Cannabis ETF
The AdvisorShares Poseidon Dynamic Cannabis ETF (the Fund) seeks long-term capital appreciation. The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 Percent of its net assets (plus any borrowings for investment purposes) in (i) securities of companies that derive at least 50 Percent of their net revenue directly from the marijuana and hemp business or from providing services, products or technology to the marijuana and hemp business, and (ii) derivatives that have economic characteristics similar to such securities. The Fund primarily invests in exchange-listed equity securities, including common and preferred stock, of US and foreign mid-, small- and micro-capitalization companies, and in total return swaps intended to provide exposure to such companies.