Roundhill Cannabis ETF (BATS:WEED) Trading Up 5.7% – What’s Next?

Roundhill Cannabis ETF (BATS:WEED)’s stock price traded up 5.7% during mid-day trading on Wednesday . The company traded as high as $21.30 and last traded at $21.25. 14,793 shares were traded during trading, a decline of 35% from the average session volume of 22,676 shares. The stock had previously closed at $20.10.

Roundhill Cannabis ETF Price Performance

The firm has a 50-day moving average price of $20.04 and a 200 day moving average price of $18.98.

Institutional Trading of Roundhill Cannabis ETF

An institutional investor recently bought a new position in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Roundhill Cannabis ETF (BATS:WEED) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 28,500 shares of the company’s stock, valued at approximately $566,000. Nano Cap New Millennium Growth Fund L P owned approximately 7.60% of Roundhill Cannabis ETF as of its most recent filing with the Securities & Exchange Commission.

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.