Global X Cannabis ETF (NASDAQ:POTX) Shares Scheduled to Reverse Split on Thursday, June 9th

Global X Cannabis ETF (NASDAQ:POTXGet Rating) shares are scheduled to reverse split on Thursday, June 9th. The 1-6 reverse split was announced on Thursday, June 9th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, June 9th.

NASDAQ:POTX opened at $3.62 on Tuesday. The stock’s fifty day moving average is $4.53 and its two-hundred day moving average is $5.55. Global X Cannabis ETF has a 52 week low of $3.20 and a 52 week high of $16.47.

Several hedge funds and other institutional investors have recently made changes to their positions in POTX. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Global X Cannabis ETF by 47.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,369,874 shares of the company’s stock valued at $7,480,000 after acquiring an additional 439,977 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of Global X Cannabis ETF by 3,014.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 371,156 shares of the company’s stock valued at $2,160,000 after acquiring an additional 359,240 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Global X Cannabis ETF by 210.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 101,789 shares of the company’s stock valued at $591,000 after acquiring an additional 69,026 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Global X Cannabis ETF in the fourth quarter valued at $266,000. Finally, V Wealth Advisors LLC acquired a new stake in shares of Global X Cannabis ETF in the fourth quarter valued at $260,000.

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