ETFMG 2X Daily Inverse Alternative Harvest ETF (MJIN)
ETFMG 2X Daily Inverse Alternative Harvest ETF operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $15.33, up 0.00% on the session, giving a market capitalisation of $920,079. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund aims to deliver daily returns that are precisely two times the inverse of its underlying index's daily performance. It achieves this by allocating capital to various financial instruments designed to provide amplified inverse exposure to either the benchmark index itself or to other exchange-traded funds (ETFs) that closely track it. The benchmark index monitors the common stock performance of companies operating across the globe. A critical investment criterion is that the fund will only directly invest in companies whose operations are exclusively legal under all applicable national and local laws, specifically including both U.S. federal and state statutes. It's important to note that the portfolio is non-diversified.
ETFMG 2X Daily Inverse Alternative Harvest ETF is most often compared with the following Financial Services names: