Global X Cannabis ETF (POTX)
Global X Cannabis ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $5.15, up 0.78% on the session, giving a market capitalisation of $26.1M. Its beta of 1.51 implies it has historically moved more than the broad market.
This fund primarily dedicates at least 80% of its total capital to the assets within its benchmark index. It also includes American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on those very same index components. The underlying index, developed by Solactive AG (the index provider), is designed to track publicly listed businesses actively involved in the cannabis sector, as defined by Solactive AG's criteria. It's important to note that this fund maintains a concentrated investment approach rather than a diversified one.
Global X Cannabis ETF is most often compared with the following Financial Services names: