ETFMG 2X Daily Inverse Alternative Harvest ETF
MJIN
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- IPO Date
- Oct 5, 2021
- CIK
- 0001467831
- Similar Companies
- Business
- ETFMG 2X Daily Inverse Alternative Harvest ETF (MJIN) seeks to provide 2x daily inverse leveraged exposure to the Prime Alternative Harvest Index, a modified market-cap-weighted benchmark comprising global companies engaged in the legal cultivation, production, marketing, distribution, or medical-related research of cannabis and cannabis-related products; the fund achieves this objective primarily through swap agreements and other financial instruments that track the index or related ETFs, with daily rebalancing to maintain leverage, positioning it as a short-term trading vehicle for bearish bets against the cannabis sector. Launched in October 2021 and managed by ETF Managers Group LLC (ETFMG), an issuer of thematic exchange-traded funds based in Summit, New Jersey and founded in 2014, MJIN operates within the leveraged and inverse ETF segment, targeting sophisticated investors seeking tactical exposure to the alternative agriculture industry, including ancillary cannabis services. The ETF, distributed through ETFMG Financial LLC, a wholly owned subsidiary, lists holdings such as derivatives and cash equivalents while permitting up to 33.3% securities lending to enhance issuer income. In a significant operational change, ETFMG announced the closure and liquidation of MJIN in November 2022, with trading ceasing on the NYSE Arca after market close on November 23, 2022, and proceeds distributed to shareholders on or about November 28, 2022, reflecting strategic rationalization amid low assets under management and challenging market conditions for inverse cannabis products. This delisting followed ETFMG's pattern of discontinuing underperforming funds, including prior closures of select leveraged ETFs, as the firm refocuses on core offerings like the flagship ETFMG Alternative Harvest ETF (MJ), which provides non-leveraged long exposure to the same sector. No subsequent relaunches, acquisitions, or partnerships involving MJIN have been reported as of late 2025, underscoring ETFMG's ongoing emphasis on first-to-market thematic products in cybersecurity, precious metals, and sustainable technologies.