Trump's Marijuana Reclassification Looks Set To Send This Cannabis ETF Soaring: Big Surge In Momentum
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A leveraged ETF, AdvisorShares MSOS Daily Leveraged ETF (NYSE:MSOX), is expected to soar following President Trump's executive order to ease federal restrictions on marijuana. The fund's Momentum score surged from 25.11 to 80.25 within a week. However, it faced a 50.59% pullback due to unclear banking provisions in the order. The ETF offers exposure to the American cannabis industry with two times the daily total return of the AdvisorShares Pure US Cannabis ETF (NYSE:MSOS).
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