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expectations. Thus the funds are recommended to be monitored daily which may or may not suit your particular circumstances.
I have personally noticed that the L2 on these tickers currently poses a wider bid-ask spread than other ETFs. This may be in part to it being new. For those of you looking to place super tight entries and exits, this may not be the best method for you at the moment.
The funds daily NAV is updated on their website so you know if you are buying at a premium or discount.
What's inside of these ETFs?
To help us better understand what these ETFs are all about it is best that we take a look under the hood. Note that the latest update from Horizon’s website shows the list of securities below and this applies to the weighting of both HMJI and HMJU. It should be noted that these weightings are dynamic and subject to change as the funds rebalance.
Security Name Weight
AURORA CANNABIS INC 12.91%
GW PHARMACEUTICALS -ADR 12.19%
CANOPY GROWTH CORP 10.65%
HEXO CORP 10.13%
APHRIA INC 8.10%
CRONOS GROUP INC 8.06%
ORGANIGRAM HOLDINGS INC. 6.48%
TILRAY INC 5.97%
GREEN ORGANIC DUTCHMAN HOLDI 4.71%
CANOPY RIVERS INC 4.33%
CANNTRUST HOLDINGS INC3.72%
NEPTUNE WELLNESS SOLUTIONS INC2.62%
SUPREME CANNABIS CO INC/THE2.46%
EMERALD HEALTH THERAPEUTICS2.42%
22ND CENTURY GROUP INC2.03%
NAMASTE TECHNOLOGIES INC
1.59%
ALEAFIA HEALTH INC
1.30%
INSYS THERAPEUTICS INC
0.34%