The Bay Street Butcher: A Cannabis ETF Rebalancing Triggers Volatility
Portfolio Pulse from Todd Harrison
The article discusses the impact of a smaller U.S. cannabis ETF rebalancing, which has caused volatility in the market. It also highlights the potential benefits for cannabis companies following a recent Supreme Court decision, the booming cannabis sales in Ohio, and the ongoing challenges faced by veterans regarding medical cannabis recommendations. The U.S. cannabis ETF MSOS and MJUS are mentioned as being affected by the rebalancing.
August 15, 2024 | 2:06 pm
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NEUTRAL IMPACT
MJUS has been active in the market due to rebalancing, causing volatility in underlying plant-touching U.S. cannabis stocks.
MJUS's rebalancing activities have led to market volatility, but the overall impact on MJUS itself is neutral in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The U.S. cannabis ETF MSOS has experienced volatility due to a smaller ETF's rebalancing, despite being flat on the year after strong Q1 gains.
The rebalancing of a smaller ETF has caused significant market movements affecting MSOS. However, MSOS remains flat on the year, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80