RE:ETF Rebalancing & APHA – I think the best is yet to comeNice sleuthing gotta. Looks like most MJ stocks are crossing or have crossed their exponential moving average which they have been bouncing off of for months which cahrman Dan brings up all the time. Onward and upward.
gottahunch wrote: Good Afternoon Everyone,
Chart man Dan mentioned recently that some of volume we saw Tuesday on all mj stocks may have been due to ETF rebalancing. However, on Wednesday we had good volume on our own though. I just called Horizon’s to confirm their rebalancing schedule and while they are not able to disclose the exact date, they did tell me that it will be the third week of September. The last time they rebalanced was the end of June, so this will the first opportunity to buy more APHA after the great earnings of Aug 1 and why wouldn’t they? If you see heavy buying the last week of September, watch out for this.
Here is APHA weighting as of Aug 30th Facts sheets for Horizon’s:
HMMJ 7.40% . Assets in this ETF $665,094,214
HMJI 7.81% Assets $13,334,356
Other Monthly Re-balancing ETF's:
-THCX NYSE monthly 7.45% as of Aug 30th Assets $19,788,630
-SEED Aphria WAS NOT listed top 10 holding as of July 31st. But as of Aug 30th ETF Facts it shows 6.06%!!! Assets $9,621,000
Another Quarterly ETF:
MJJ Aphria was not listed as a top 10 holding as of July 31st $30,777,430. Perhaps they will buy in Sept as well. I didn't call to ask them.