World's Largest Pot ETF Doubles Up Tilray, Expands Portfolio
- HMMJ adds eight new stocks, raises stakes in Canopy, Aurora
- Moves come after fund missed out on Tilray’s initial upswings
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The world’s largest marijuana exchange-traded fund is expanding its portfolio and doubling its stake in Tilray Inc. after coming under fire for not holding one of Wall Street’s hottest pot stocks.
Horizons Marijuana Life Sciences Index ETF, or HMMJ, added eight new stocks to its portfolio and boosted its holdings in several companies including Tilray, which experienced a 200-point swing last week and touched a high of $300 on Sept. 19. The shares were at around $114 Wednesday afternoon.