Shares of Roundhill Cannabis ETF (BATS:WEED – Get Free Report) shot up 5.7% during trading on Wednesday . The company traded as high as $21.30 and last traded at $21.25. 14,793 shares traded hands 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 company’s 50 day moving average is $19.99 and its two-hundred day moving average is $19.01.
Hedge Funds Weigh In On Roundhill Cannabis ETF
A hedge fund recently bought a new position in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P purchased a new stake in Roundhill Cannabis ETF (BATS:WEED – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 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.
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