Roundhill Cannabis ETF (BATS:WEED) Short Interest Update

Roundhill Cannabis ETF (BATS:WEED) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 2,752 shares, a growth of 584.6% from the August 15th total of 402 shares. Based on an average daily trading volume, of 18,021 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P bought a new stake in Roundhill Cannabis ETF (BATS:WEED) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent quarter.

Roundhill Cannabis ETF Stock Performance

Shares of WEED stock opened at $21.48 on Friday. Roundhill Cannabis ETF has a 52-week low of $12.71 and a 52-week high of $31.05. The stock’s 50-day moving average price is $20.43 and its 200 day moving average price is $19.58.

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.