Roundhill Cannabis ETF (BATS:WEED) Short Interest Update

Roundhill Cannabis ETF (BATS:WEED) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,567 shares, a drop of 84.0% from the May 14th total of 9,787 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 19,729 shares, the days-to-cover ratio is currently 0.1 days.

Roundhill Cannabis ETF Price Performance

Shares of BATS:WEED opened at $23.22 on Friday. The business has a 50-day moving average price of $20.25 and a 200 day moving average price of $18.73. Roundhill Cannabis ETF has a 12-month low of $8.96 and a 12-month high of $31.05.

Institutional Trading of Roundhill Cannabis ETF

A hedge fund recently bought a new stake in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Roundhill Cannabis ETF (BATS:WEED) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,500 shares of the company’s stock, valued at approximately $566,000. Nano Cap New Millennium Growth Fund L P owned about 7.60% of Roundhill Cannabis ETF at the end of the most recent quarter.

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.