Roundhill Cannabis ETF (BATS:WEED) Trading Up 0.4% – Here’s Why

Shares of Roundhill Cannabis ETF (BATS:WEED) were up 0.4% on Tuesday . The company traded as high as $16.90 and last traded at $16.69. Approximately 4,694 shares were traded during trading, a decline of 80% from the average daily volume of 22,950 shares. The stock had previously closed at $16.62.

Roundhill Cannabis ETF Trading Up 0.4%

The business has a 50-day moving average of $16.38 and a two-hundred day moving average of $18.20.

Institutional Investors Weigh In On 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) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

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.