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ETFMG Alternative Harvest ETF (MJ) shares information

ETF Managers Group LLC – ETFMG Alternative Harvest ETF


24h Change

4.79 %

MJ

Live rate: Market closed

Stock data per Friday 2 Dec, 2022

MJ
NYSE ARCA
6.06
5.84
6.35
0.29 (+ 4.79%)
US Market is closed

Live Stock price in graph for ETF Managers Group LLC – ETFMG Alternative Harvest ETF (MJ)

  • Latest Volume

    1,656,801 (83.14 %)

  • Volume prev. day

    904,656

  • Avg. daily volume

    836,616

  • Market cap

    454,660,000

  • P/E ratio

    n/a

  • Today high

    6.355 USD

  • Today low

    5.83 USD

  • 52 week high

    11.99 USD

  • 52 week low

    4.54 USD

  • YTD Change

    n/a

Quick links

 

Latest news about ETF Managers Group LLC – ETFMG Alternative Harvest ETF

Below you can find the most recent news posts about ETF Managers Group LLC – ETFMG Alternative Harvest ETF, primarily from US and UK based news sources.

President Biden expected to sign cannabis research bill

Monday, 21 November 2022, 21:26:39
A White House spokesperson on Monday confirmed reports that President Joe Biden plans to sign the Medical Marijuana and Cannabidiol Research Expansion Act after the measure won approval in the U.S. Senate last week. The measure ranks as the first standalone cannabis reform bill to pass both the U.S. House of Representatives and the Senate. The bill aims to eliminate red tape that”s slowing cannabis research for new treatments. The White House spokesperson did not say when Biden planned to sign the bill. The AdvisorShares Pure U.S. Cannabis ETF is down 4% in recent trades while the ETFMG Alternative Harvest ETF is off by 2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
— MarketWatch


Cannabis Stocks Pop, but We’re Still Bearish

Friday, 7 October 2022, 16:58:44
While the market suffered yet another selloff yesterday, cannabis stocks staged one of their biggest single-day rallies ever. U.S. President Joe Biden announced sweeping measures that many believe clears the path toward national marijuana legalization. And the ETFMG Alternative Harvest ETF ( MJ ) rose 20% yesterday as a result. The pop in cannabis stocks is a much-needed reprieve for pot bulls. The industry has felt relentless selling pressure over the past several months – years, in fact. But unfortunately, I don’t think it’s going to last. Here’s why. What Did Biden Do? Yesterday, U.S. President Joe Biden announced pardons for all federal offenders convicted of simple marijuana possession. He then urged governors across the country to follow suit with pardons for state and local offenders. The move will pardon more than 6,500 individuals across the U.S. with prior convictions for possession. If governors follow suit, the pardons will likely extend to tens of thousands of individuals nationwide.
— InvestorPlace


Cannabis Stocks ACB, HEXO, CGC, TLRY Slump Despite Senate Meeting

Tuesday, 26 July 2022, 21:24:13
Despite having some favorable legislation in the pipeline, cannabis stocks continue to struggle. As we look across the board on Tuesday, Aurora Cannabis (NASDAQ: ACB ) and Canopy Growth (NASDAQ: CGC ) are both down about 5.5%. Hexo (NASDAQ: HEXO ) is faring a bit better, down about 4%, while Tilray (NASDAQ: TLRY ) is down less than 3%. Still, bulls are desperate for a win right now, and today’s action is a bit baffling. It comes on the heels of federal legislation being put forward in Washington. Today, the Subcommittee on Criminal Justice and Counterterrorism is meeting to discuss decriminalizing marijuana. The hearing is titled “Decriminalizing Cannabis at the Federal Level: Necessary Steps to Address Past Harms.” The goal is to remove cannabis as a Schedule I controlled substance and expunge prior federal marijuana convictions. Further, lawmakers want to allow states to set their own cannabis laws. That’s all under the Cannabis Administration and Opportunity Act (CAOA), but there are also banking considerations.
— InvestorPlace


7 Best Marijuana Stocks to Buy Now

Thursday, 21 July 2022, 13:30:38
The ETFMG Alternative Harvest ETF (NYSEARCA: MJ ) finished June down 19.6%, more than double the decline of the S&P 500 , which lost 8.4% on the month. In turn, the best marijuana stocks to buy got a lot cheaper in June. Overall, it’s been a tough year for the cannabis industry. MJ stock has lost 44% year-to-date (or YTD). and the AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS ) has done even worse, down just over 50% YTD. Benzinga recently produced a chart that shows large cannabis multi-state operators (MSOs) have an enterprise value to EBITDA (earnings before interest, taxes, depreciation and amortization) of 5 times, cheaper than 11 other major industries, including healthcare products, hotel/gaming, and food processing. Not only are large cannabis MSOs cheap on an EV/EBITDA basis, but the expected growth in revenue between 2021 and 2023 is higher than all but one other industry mentioned in Benzinga’s chart. 7 Best Small-Cap Growth Stocks to Buy Now So, between legalization initiatives in various states and an ongoing consolidation movement, an excellent place to start for the best marijuana stocks to buy is the large MSOs.
— InvestorPlace


Schnieders Capital Management LLC Sells 6,000 Shares of ETFMG Alternative Harvest ETF (NYSEARCA:MJ)

Sunday, 19 December 2021, 15:46:41
Schnieders Capital Management LLC lessened its holdings in shares of ETFMG Alternative Harvest ETF (NYSEARCA:MJ) by 16.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,430 shares of the companys stock after selling 6,000 shares during the quarter. Schnieders Capital Management LLCs holdings in []
— Dakota Financial News


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