Zynerba Pharmaceuticals (ZYNE)

[Triple9]

To be approved as an index tracking fund they will have to adhere to the ratios in the Index. Otherwise, the value of the ETF won't track the Index properly. What has to happen is if you overlay the Index chart over the ETF chart they will match well. That can only happen if the ratio is identical.

$ZYNE has a ratio in the Index of .069084. So, 1 ETF will be like owning 7% of one share of ZYNE. ETFs are converted in blocks of 100 shares, so 100 MMJ ETFs converted to stocks will give you about 7 shares of ZYNE.

So, ZYNE has a much smaller float than OWCP so while it seems like it wouldn't have as great affect, it should be the same.

HOWEVER, ZYNE is already in an ETF so if you wanted to see what effect it had you could look at the date the ETF launched and take a look at ZYNE's chart in that 3 month time frame. ETF is IWC.