ETFMG Alternative Harvest ETF (NYSEARCA:MJ) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,660,943 shares, a growth of 59.2% from the October 31st total of 1,043,340 shares. Based on an average trading volume of 1,034,940 shares, the days-to-cover ratio is presently 1.6 days.

Several hedge funds have recently bought and sold shares of MJ. LPL Financial LLC purchased a new position in shares of ETFMG Alternative Harvest ETF in the third quarter worth $9,206,000. Commonwealth Equity Services LLC purchased a new position in shares of ETFMG Alternative Harvest ETF in the third quarter worth $3,395,000. Rothschild Investment Corp IL purchased a new position in shares of ETFMG Alternative Harvest ETF in the third quarter worth $2,100,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ETFMG Alternative Harvest ETF in the third quarter worth $1,658,000. Finally, Janney Montgomery Scott LLC purchased a new stake in ETFMG Alternative Harvest ETF during the third quarter valued at $1,401,000.

MJ stock opened at $27.55 on Friday. ETFMG Alternative Harvest ETF has a 1-year low of $25.10 and a 1-year high of $45.40.

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See Also: Asset Allocation

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