A Dramatic Demonstration Of Cannabis Illiquidity – The MJUS ETF Rebalancing
Portfolio Pulse from Viridian Capital Advisors
The Amplify U.S. Alternative Harvest ETF (MJUS) rebalancing had a significant impact on cannabis stocks, contributing to their downward trend. Despite its smaller size compared to MSOS ETF, MJUS's trading activity accounted for a notable portion of stock volume, with a correlation of .67 between its trading activity and stock price changes. The article also highlights the influence of rumors and technical events on the cannabis market, advising investors to be cautious. Additionally, it mentions the Viridian Cannabis Deal Tracker, a tool for monitoring capital raise and M&A activity in the cannabis industry.
February 20, 2024 | 6:43 pm
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NEUTRAL IMPACT
MJUS ETF's rebalancing significantly impacted cannabis stocks, showing the ETF's influence despite its smaller size compared to MSOS.
MJUS's rebalancing activity correlated with cannabis stock price changes, indicating its trading activity can significantly affect the market. However, the overall market trend and other factors also play roles, making the impact neutral in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSOS ETF is mentioned as a larger counterpart to MJUS, but the article focuses on MJUS's impact, suggesting MSOS's influence is less highlighted in this context.
While MSOS is larger than MJUS, the article's focus on MJUS's rebalancing and its impact on the market suggests that MSOS's influence, though potentially significant, is not the primary focus here, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
AYRWF's stock was impacted by its debt exchange and capital raise, increasing share count by 35M, not directly related to MJUS's rebalancing.
AYRWF's stock was affected by its own financial activities, including a debt exchange and capital raise, which increased its share count significantly. This impact is separate from the MJUS rebalancing, suggesting a negative short-term impact due to dilution.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80