InvestorsHub Logo
Followers 4
Posts 196
Boards Moderated 0
Alias Born 03/15/2014

Re: Emerald77 post# 1678

Saturday, 06/01/2019 3:32:50 AM

Saturday, June 01, 2019 3:32:50 AM

Post# of 6726
Re ETF MJ rebalancing, if they were to increase medif allocation to only 2% from current 0.89%. With $1.2 billion assets, it will require purchase of $12 million worth approx 3 million shares equivalent of 9 days of stock volume on US OTC. It is worth mentioning that there are 10 trading days until medif deal closes.
Also, next ETF MJ balancing will occur around Sept 1st, very well into Oct edibles legalization euphoria and ETF MJ may not want to wait till then.