The Cannabis ETF (THCX)
The Cannabis ETF operates in the Asset Management industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $16.60, up 0.35% on the session, giving a market capitalisation of $12.9M. Its beta of 1.60 implies it has historically moved more than the broad market.
This Exchange Traded Fund (ETF) concentrates its investments within the cannabis sector. It aims to allocate a minimum of 80% of its total capital to the specific securities that make up its benchmark index. Furthermore, under typical market conditions, at least 80% of its net assets, including any funds borrowed for investment, will be directed into publicly traded common stocks or American Depositary Receipts (ADRs) of companies operating within the cannabis industry. The underlying index is a unique, systematically constructed benchmark designed to measure the performance of a collection of cannabis-centric businesses. It's important to note that this fund is considered non-diversified, meaning it can hold a more concentrated portfolio.
The Cannabis ETF is most often compared with the following Financial Services names: