POTX, the ETF for marijuana, had hit $28.61 a few days ago. But has cooled to $19.52 today.
It seems the POTX sees most of its trading at opening bell. Seems like Reddit readers.
One of the major marijuana companies Tilray has been feeble EPS.
Tilray is now the leader in short interest.
POTX is exhibiting the familiar “Stoner Smile” also known as skew.