Part of Investopedia article, sorry could not figure out how to link
How Pot ETFs Aided by Short Sellers Are Posting Outsized Returns
BY SHOSHANNA DELVENTHAL Updated Jun 25, 2019
The two largest pot ETFs in North America, the Horizons Marijuana Life Sciences Index ETF (HMMJ.XTSE) and the ETFMG Alternative Harvest ETF (MJ), returned over 45% to investors in the first quarter. The stellar performance of these funds, which beat almost all non-leveraged ETFs in North America, was boosted by the help of short sellers. The top cannabis funds have made millions of dollars lending out their holdings to traders betting against this year’s 60% surge in the high-flying market for cannabis stocks, per a recent Bloomberg story.
