CANNAINVESTOR Magazine U.S. Publicly Traded July / August 2019 | Page 152

Technical

Analysis

of the United States

Cannabis Market

152

BETAPRO MARIJUANA COMPANIES INVERSE ETF (TSX: HMJI)

Horizon’s description of the fund:

“HMJI is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavor to correspond to the single inverse (opposite) of the daily performance of the North American MOC Marijuana Index (TR). The Inverse ETF does not seek to achieve its stated investment objective over a period of time greater than one day.”

BETAPRO MARIJUANA COMPANIES 2X DAILY BULL ETF (TSX: HMJU)

Horizon’s description of the fund:

“HMJU is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions, and other transaction costs, that endeavor to correspond to a two times multiple of the daily performance of the North American MOC Marijuana Index (NTR). HMJU does not seek to achieve its stated investment objective over a period of time greater than one day.”

What is an ETF?

For those of you that do not know and ETF stands for “Excellent Technical Foundations” something that we hope you have by now if you have been following us for a while or are currently in pursuit of. OK, OK, ETF does not stand for “Excellent Technical Foundations”, but it sounds pretty good, and we do want you to feel comfortable with your technical abilities.