JMST: An Interesting Short-Term Muni ETF

JMST: An Interesting Short-Term Muni ETF (read full article here)

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Summary

JMST is an ultra-short-term municipal bond ETF that has a fee subsidy in place to provide a teaser boost to the yield.

JMST holds super low duration bonds to minimize interest rate risk.

JMST takes greater credit quality risk than SUB, the main short-term muni ETF, with the hope the shortness will mitigate qualitative risks.

JMST is highly competitive with the fee subsidization.

Read the full article here.

Vir Biotechnology is Undervalued

Vir Biotechnology is undervalued (Read full article here) Vir Biotechnology's IPO in October was a reasonably terrible flop of an IPO, and likely due to its Vision Fund sponsorship. Vir offers a significant pipeline for a speculative biotech, and the company is holding a significant amount of cash, which the market is failing to fully appreciate. Vir appears to be undervalued and likely to soon trade on clinical data updates. The company appears to represent a strong speculative opportunity in advance of such updating in 2020. Vir's broad pipeline should provide multiple possible opportunities for catalysts, including possible announcements of collaborations with larger peers. Read full article here.

HUT: a Bitcoin Hail Mary play for the quarter

HUT is a large Canadian Bitcoin miner with operations in Alberta. Canadian Bitcoin miners like HUT trade at a substantial discount to domestic peers. Alberta appears likely to be a friendly jurisdiction in terms of energy consumption, which could be a differentiating factor over time. If Bitcoin can make new highs within the next year, HUT appears likely to double or triple along with that move. READ MORE HERE

BITW: A Great Crypto Index, But Watch The NAV Premium

BITW is a new publicly traded statutory trust that provides market weighted index exposure to crypto assets. BITW is mostly Bitcoin, and the Bitwise 10 Large Cap Crypto Index does offer market weighted diversification to some other crypto assets. BITW already trades at a very high premium to the fund's NAV, and that NAV premium is likely to be capricious. The Bitwise 10 Crypto Index Fund ( BITW ) is a publicly traded statutory crypto-asset index trust. BITW should offer needed competition in the asset class, where few funds exist, and lofty premiums have been a historic problem. The market is currently dominated by the Grayscale Bitcoin Trust ( OTC:GBTC ). BITW is probably most comparable to Grayscale's Digital Large Cap Fund ( OTCQX:GDLC ). Read Full Article Here

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