AdvisorShares Poseidon Dynamic Cannabis ETF (PSDN)
AdvisorShares Poseidon Dynamic Cannabis ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $0.99, up 0.61% on the session, giving a market capitalisation of $2.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed exchange-traded fund (ETF) typically allocates a minimum of 80% of its total capital (comprising net assets and any borrowed funds for investment) to a specific set of assets. These include equity holdings in companies that generate at least half of their net revenue directly from the cannabis and hemp industries, or from providing services, products, or technology to these sectors. Additionally, the fund invests in derivative instruments that possess economic characteristics similar to these underlying securities. It is important to note that this fund is non-diversified.
AdvisorShares Poseidon Dynamic Cannabis ETF is most often compared with the following Financial Services names: