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HYDW

$--
--%
1d
1w
1m

Analysis and statistics

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About

The ETF with the financial product symbol HYDW.US refers to the AdvisorShares Poseidon Dynamic Cannabis ETF. This ETF seeks long-term capital appreciation by investing in companies that are expected to benefit from the growth of the global cannabis and hemp industry. The fund dynamically adjusts its exposure based on market conditions and the investment team's outlook on the sector.
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Factors

Yields of underlying holdings: Higher yields from the bonds the ETF holds typically push its price up.

Interest rate changes: Rising interest rates generally cause bond prices (and HYDW's price) to fall.

Credit risk perception: Increased concerns about defaults in high-yield bonds can decrease HYDW's value.

Supply and demand: Higher demand for HYDW relative to supply increases its market price.

ETF expenses: HYDW's expense ratio detracts slightly from its overall return and price over time.

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