Benzinga | Jul 7, 2021 10:26PM EDT

New Leveraged Cannabis ETF Hits The Market: MJXL By ETFMG

There's a new cannabis ETF in town, and it's leveraged.

Launched by ETF Managers Group (ETFMG), the thematic exchange-traded fund issuer behind the world's largest cannabis ETF, the ETFMG Alternative Harvest ETF (NYSE:MJ), ETFMG 2x Daily Alternative Harvest ETF (NYSE:MJXL) is designed to seek daily leveraged exposure of 2x to the performance of its Prime Alternative Harvest benchmark index.

"It's exciting to launch another leveraged ETF that provides amplified exposure to a high-growth theme," Sam Masucci, CEO and founder of ETFMG, told Benzinga. "MJXL joins our cannabis suite of ETFs alongside MJ, our first-to-market global cannabis fund, and MJUS, which provides access to top names in U.S. cannabis, including MSOs. ETFMG has become a one-stop shop for cannabis investing as the legal landscape expands exponentially."

Encuentra nuestro contenido en Espa?ol en El Planteo:

* Conoce a MJUS: El Nuevo ETF de Cannabis en la Bolsa de Nueva York

* Gerentes Explican sus ETF de Cannabis: CNBS

* Gerentes Explican sus ETF de Cannabis: MJ

* Photo: Patrick Weissenberger on Unsplash