Roundhill Cannabis ETF (BATS:WEED) Shares Up 19.6% – What’s Next?

Roundhill Cannabis ETF (BATS:WEED)’s share price traded up 19.6% during mid-day trading on Wednesday . The company traded as high as $17.30 and last traded at $20.2250. 6,402 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 11,702 shares. The stock had previously closed at $16.9138.

Roundhill Cannabis ETF Stock Performance

The business’s 50-day moving average is $18.21 and its two-hundred day moving average is $16.93.

Institutional Trading of Roundhill Cannabis ETF

A hedge fund recently bought a new stake in Roundhill Cannabis ETF stock. OLD Mission Capital LLC purchased a new position in Roundhill Cannabis ETF (BATS:WEED) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 33,250 shares of the company’s stock, valued at approximately $367,000. OLD Mission Capital LLC owned about 9.64% of Roundhill Cannabis ETF at the end of the most recent quarter.

Roundhill Cannabis ETF Company Profile

The Roundhill Cannabis ETF (WEED) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of equities and total return swaps that provide exposure to the global cannabis and hemp ecosystem. WEED was launched on Apr 20, 2022 and is managed by Roundhill.