Roundhill Cannabis ETF (BATS:WEED) Trading 6.8% Higher – What’s Next?

Roundhill Cannabis ETF (BATS:WEED)’s share price was up 6.8% during mid-day trading on Monday . The company traded as high as $16.55 and last traded at $16.55. Approximately 14,656 shares were traded during trading, a decline of 41% from the average daily volume of 24,730 shares. The stock had previously closed at $15.50.

Roundhill Cannabis ETF Price Performance

The company’s 50 day moving average price is $17.22 and its two-hundred day moving average price is $18.51.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Roundhill Cannabis ETF (BATS:WEED) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 28,500 shares of the company’s stock, valued at approximately $566,000. Nano Cap New Millennium Growth Fund L P owned 7.60% of Roundhill Cannabis ETF as of its most recent filing with the SEC.

About Roundhill Cannabis ETF

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.