Roundhill Cannabis ETF (BATS:WEED) Trading Up 6.8% – What’s Next?

Shares of Roundhill Cannabis ETF (BATS:WEED) were up 6.8% during trading on Monday . The company traded as high as $16.55 and last traded at $16.55. Approximately 14,656 shares traded hands during trading, a decline of 41% from the average daily volume of 24,730 shares. The stock had previously closed at $15.50.

Roundhill Cannabis ETF Stock Up 6.8%

The firm’s 50-day moving average price is $17.41 and its two-hundred day moving average price is $18.55.

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 purchased a new stake in shares of Roundhill Cannabis ETF (BATS:WEED) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent quarter.

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.