Day Traders Now Helping to Power Marijuana ETFs February 10, 2021
Cannabis sector-related exchange traded funds maintained their momentum on Wednesday as the Reddit crowd of day traders turned their attention to marijuana stocks.
Among the best performing non-leveraged ETFs of Wednesday, the
Meanwhile, shares of Tilray (NasdaqGS: TLRY) jumped another 38.5% and were on track for their best three-day gain ever. The company stock has surged over 500% since the start of the year.
The group of marijuana stocks are catching the eye of the same group of WallStreetBets Reddit traders that contributed to the short squeeze in GameStop (NYSE: GME) last month after several users expressed optimism over the stock’s outlook, CNBC reports.