ETFMG 2X Daily Alternative Harvest ETF
MJXL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- DE United States of America
- IPO Date
- Jul 6, 2021
- CIK
- 0001467831
- Similar Companies
- Business
- ETFMG 2X Daily Alternative Harvest ETF (MJXL) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the daily performance of the Prime Alternative Harvest Index. The fund provides magnified exposure to companies within the global cannabis ecosystem benefiting from medicinal and recreational cannabis legalization initiatives worldwide, primarily through swap agreements and investments in constituents of the underlying index that include primary producers, distributors, and ancillary service providers in the sector. Launched in July 2021 and listed on NYSE Arca, the ETF was issued by ETF Managers Group (ETFMG), headquartered in Summit, New Jersey, targeting sophisticated investors comfortable with high volatility and daily rebalancing inherent to leveraged products. The ETF's core offering centers on short-term tactical trading opportunities in the alternative harvest space, with no secondary products or services; it operates globally via the index's constituents spanning North America, Europe, and other regions involved in cannabis-related activities. In June 2023, ETFMG entered a definitive agreement for Amplify ETFs to acquire its ETF lineup, including MJXL, which closed in early 2024, rebranding the sponsor under Amplify Investments LLC while retaining the ETFMG name for certain legacy products like MJXL amid Amplify's expansion to over 30 thematic and income-focused ETFs. ETFMG had previously expanded its cannabis suite through partnerships, such as with TIFIN to promote MJXL alongside MJ, MJUS, and MJIN to active investors. In December 2022, the Board of Trustees of ETF Managers Trust announced the closure and liquidation of MJXL, with proceeds distributed to shareholders on or about December 30, 2022, following an ongoing review of the fund's viability amid low assets under management and market conditions in the cannabis sector. Post-acquisition by Amplify, no revival occurred, and the ETF ceased operations, reflecting broader challenges in leveraged thematic funds as Amplify prioritized core offerings like the Amplify Alternative Harvest ETF (MJ). As of late 2025, MJXL remains delisted and inactive, with minimal residual trading activity reported on select platforms.