Roundhill Cannabis ETF (BATS:WEED) Shares Down 1.8% – What’s Next?

Roundhill Cannabis ETF (BATS:WEED)’s stock price fell 1.8% during mid-day trading on Wednesday . The company traded as low as $22.73 and last traded at $22.73. 5,830 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 22,376 shares. The stock had previously closed at $23.15.

Roundhill Cannabis ETF Trading Down 2.1%

The firm’s 50-day moving average price is $20.43 and its two-hundred day moving average price is $19.56.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Roundhill Cannabis ETF (BATS:WEED) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.