RE:RE:RE:RE:RE:yesterdays numbersTo follow up, as you can see from the link below the MJ ETF has about $400million in assets. Canopy had or has (not sure when it was last updated 6.7% which is about $26.7m US so call it a million shares roughly. If they were to increase or decrease their weighting we would be talking 100k shares either way not 3million.
https://www.etf.com/MJ Buckshot26 wrote: No way an etf rebalnced to the tune of a $100million as none are anywhere near big enough for that to account for a couple of percentage points one way or another. Can you show the math? Acb was definitely their inclusion to the tsx comp. So initially you have to think the weed trades were related but if anything there would have been selling weed buying acb if anything but weed was up and acb was down so that rules that out. Anyway if an mj etf was involved could someone show me the math if they have already run the numbers?
investor1964 wrote: ETF rebalanced (MJ) and sold a bunch that last hour probably. They sold a lot of Cronos and now they have Cannabis Wheaton as their number one holding (BOOOO!), but Canopy is their second largest.