MT Newswires Stocks To Watch: Horizons ETFs Management (Canada); Sierra Metals
Horizons ETFs Management (Canada) Inc. has filed its final prospectus to launch the Horizons US Marijuana Index ETF. According to a statement, units of the exchange traded fund have been conditionally approved for listing by the NEO Exchange and are slated to begin trading on April 18, 2019, under the ticker symbols HMUS (Canadian dollar units) and HMUS.U (U.S. dollar units). HMUS will be the first ETF in the world that is solely focused on providing exposure to companies with significant business activities in, or significant exposure to, the United States marijuana or hemp industries. HMUS is an index (or passively managed) ETF, which seeks to replicate, to the extent possible, the performance of the US Marijuana Companies Index, net of expenses.
Meanwhile, Sierra Metals Inc. (SMT.TO, BVL:SMT, NYSE AMERICAN:SMTS) announced that, in connection with its normal course issuer bid, which was previously announced on December 11, 2018, it has entered into an automatic share purchase plan with its designated broker.