THCX - The Cannabis ETF
| Assets | $157.80M |
| NAV | $17.83 |
| Expense Ratio | 0.70% |
| PE Ratio | n/a |
| Beta (5Y) | 1.84 |
| Dividend (ttm) | $0.45 |
| Dividend Yield | 2.51% |
| Ex-Dividend Date | Dec 29, 2020 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $17.86 |
| Previous Close | $17.80 |
| Change ($) | 0.06 |
| Change (%) | 0.34% |
| Day's Open | 17.80 |
| Day's Range | 17.45 - 17.90 |
| Day's Volume | 155,909 |
| 52-Week Range | 7.41 - 30.99 |
Fund Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Innovation Labs Cannabis Index. The fund will invest at least 80% of its total assets in the component securities of the index. It will also invest, under normal circumstances, at least 80% of its net assets, plus borrowings for investment purposes, in exchange listed common stock (or corresponding American Depositary Receipts (ADRs) of Cannabis Companies. The index is a proprietary, rules-based index designed to track the performance of a portfolio of Cannabis Companies. The fund is non-diversified.
| Asset Class Equity | Inception Date Jul 9, 2019 |
| Exchange NYSEARCA | Ticker Symbol THCX |
| Index Tracked Innovation Labs Cannabis
Index | |
Top 10 Holdings
52.18% of assets| Name | Symbol | Weight |
|---|---|---|
| Aphria Inc | APHA.TO | 7.56% |
| Village Farms International Inc | VFF.TO | 6.00% |
| GrowGeneration | GRWG | 5.73% |
| Canopy Growth Corp | WEED.TO | 5.65% |
| OrganiGram Holdings Inc | OGI.TO | 5.55% |
| Amyris | AMRS | 5.54% |
| Cronos Group Inc | CRON.TO | 5.04% |
| RIV Capital Inc Ordinary Shares (Sub Voting) | RIV.TO | 3.88% |
| Fire & Flower Holdings Corp Ordinary Shares | FAF.TO | 3.78% |
| Hydrofarm | HYFM | 3.45% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 29, 2020 | $0.048 | Jan 4, 2021 |
| Sep 18, 2020 | $0.15 | Sep 22, 2020 |
| Jun 19, 2020 | $0.25 | Jun 23, 2020 |
| Dec 30, 2019 | $0.418 | Jan 2, 2020 |
Top cannabis ETF manager on key industry trends to watch
Tim Seymour of Seymour Asset Management, Christian Magoon of Amplify ETFs and Matt Hougan of Bitwise Asset Management discuss 2021's cannabis craze with CNBC's Bob Pisani.
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Cannabis stocks and sector-related exchange traded funds surged Tuesday after Democratic senators led by Majority Leader Chuck Schumer indicated they would propose reform legislation, adding to hopes fo...
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Cannabis stocks and ETFs jumped following the Democratic victories in Georgia's two runoff elections that have spurred hopes for near-term decriminalization.
Marijuana stocks and cannabis-related exchange traded funds climbed Wednesday as a Democratic victory in the Georgia Senate runoff election raised hopes of decriminalization in a more progressive-leanin...
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Marijuana stocks are still compelling, but exchange traded funds simplify the stock picking calculus for investors. The post The 7 Best ETFs For Marijuana Bulls To Buy Right Now appeared first on Invest...
Cannabis stocks and the ETFs have surged lately on hopes of the legalization of marijuana at the federal level under Biden presidency.
The best marijuana ETFs for Q1 2021 are YOLO, CNBS, and THCX.
The Cannabis ETF Index Provider to Become CFN Media's Exclusive ETF PartnerWhitefish, Montana--(Newsfile Corp. - November 30, 2020) - CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media,...
Cannabis sector-related exchange traded funds have been climbing on expectations that the favorable election results could push the country toward legalizing sales of recreational marijuana. Among the b...
Pot plays and the presidency: What to expect from cannabis ETFs under Biden
Tim Seymour, chief investment officer of Seymour Asset Management and one of the brains behind the CNBS ETF, talks pot's prospects with CNBC's Bob Pisani.
As the market is betting on Republicans to continue control the Senate and Democrats the House, most sectors stand to benefit from the scenario.
Several states passed legalization ballot measures on Tuesday. So why are marijuana ETFs sliding today?
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Wall Street registered back-to-back weekly gains primarily on the back of prospects for another round of fiscal stimulus from Congress.
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Democratic vice-presidential nominee Kamala Harris buoys investors' optimism on the marijuana industry by commenting favorably on the space during a debate with her Republican counterpart Mike Pence.
The exact trajectory of the market likely depends upon how events unfold over the next few months, but I continue to believe that we are in a sustainable bull market, especially for American stocks.
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Here's how SPACs are changing the cannabis industry
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Investors who are interested in the recent developments across the cannabis industry can consider a pure-play ETF solution for diversified exposure to this nascent global market.
The cannabis industry is just beginning to germinate.
