Marijuana ETF Trades Lower Following Tilray Downgrade
This article was originally published on ETFTrends.com.
While still one of this year’s best-performing non-leveraged exchange traded funds, the ETFMG Alternative Harvest ETF (NYSEArca: MJ) traded slightly lower Friday after a Jefferies analyst downgraded shares of Tilray Inc. (NASDAQ: TLRY). As of Thursday, March 7th, Tilray is MJ’s fifth-largest holding with a weight of 6.50%, according to issuer data. “We appreciate it [...]