ETFMG 2X Daily Inverse Alternative Harvest ETF logo

ETFMG 2X Daily Inverse Alternative Harvest ETF (MJIN)

Market Open
12 Jun, 13:41
ARCA ARCA
$
15. 33
0
0%
$
920.08K Market Cap
- P/E Ratio
11.88% Div Yield
7,256 Volume
- Eps
$ 15.33
Previous Close
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Day Range
13.3 15.42
Year Range
12.73 15.42
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Summary

MJIN trading today higher at $15.33, an increase of 0% from yesterday's close, completing a monthly increase of 0% or $15.33. Over the past 12 months, MJIN stock gained 0%.
MJIN pays dividends to its shareholders, with the most recent payment made on Nov 28, 2022. The next estimated payment will be in 28 Nov 2022 on Nov 28, 2022 for a total of $15.36336.
The stock of the company had never split.
The company's stock is traded on one exchange.

MJIN Chart

ETFMG 2X Daily Inverse Alternative Harvest ETF (MJIN) FAQ

What is the stock price today?

The current price is $15.33.

On which exchange is it traded?

ETFMG 2X Daily Inverse Alternative Harvest ETF is listed on ARCA.

What is its stock symbol?

The ticker symbol is MJIN.

Does it pay dividends? What is the current yield?

Yes, It pays dividends and the current yield is 11.88%.

What is its market cap?

As of today, the market cap is 920.08K.

Has ETFMG 2X Daily Inverse Alternative Harvest ETF ever had a stock split?

No, there has never been a stock split.

ETFMG 2X Daily Inverse Alternative Harvest ETF Profile

Capital Markets Industry
Financials Sector
- CEO
ARCA Exchange
- ISIN
United States Country
- Employees
23 Nov 2022 Last Dividend
- Last Split
- IPO Date

Overview

The company operates in the financial sector, specializing in investment strategies that aim to offer investors inverse exposure to a specific index. It primarily targets the performance of global companies' common stock through the index, attempting to achieve results that are double the inverse of the index's daily performance. This investment strategy is distinctive because it seeks to profit from declines in the index's value, a method often used for hedging or speculative purposes. The company adheres to a strict compliance framework, ensuring all direct investments are in companies engaging in activities deemed legal under both local and U.S. laws. Despite its focus on a niche investment strategy, the fund maintains a non-diversified status, potentially making it more susceptible to volatility based on the performance of a limited number of investments.

Products and Services

  • Daily Inverse Exposure Instruments

    This product offers investors an opportunity to gain from the negative movement of the targeted index by providing daily inverse exposure. It is designed for investors who anticipate a decline in the market or specific sector and wish to capitalize on this prediction. By aiming for -200% of the index's daily return, it offers a leveraged position which can amplify gains but also increases the risk of losses.

  • Global Stock Index Tracking

    The company's strategy involves tracking the performance of companies' common stock across the globe, offering investors exposure to international markets through a single investment vehicle. This product is ideal for investors looking to diversify their portfolio internationally, without the need to directly invest in foreign markets. The index serves as a benchmark for the fund's performance, with the fund's success contingent upon the accurate prediction of the index's movement.

  • Compliance with Legal Standards

    Understanding the importance of legal compliance in investment activities, the company ensures that all its direct investments are in entities that operate legally under applicable laws, including both national and local jurisdictions as well as U.S. federal and state laws. This commitment to legality not only mitigates the risk of potential legal issues for the company and its investors but also aligns its operations with ethical investment standards.

Contact Information

Address: -
Phone: (877) 756-PURE