Shares of Roundhill Cannabis ETF (BATS:WEED – Get Free Report) dropped 1.6% during trading on Wednesday . The company traded as low as $19.37 and last traded at $19.38. 6,020 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 23,969 shares. The stock had previously closed at $19.69.
Roundhill Cannabis ETF Stock Performance
The firm’s 50 day moving average is $20.76 and its 200 day moving average is $19.04.
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 position in Roundhill Cannabis ETF (BATS:WEED – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 Securities and Exchange Commission (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.
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