Roundhill Cannabis ETF (BATS:WEED) Stock Price Down 2% – What’s Next?

Roundhill Cannabis ETF (BATS:WEED)’s stock price dropped 2% during trading on Friday . The stock traded as low as $16.30 and last traded at $16.40. Approximately 11,619 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 28,208 shares. The stock had previously closed at $16.73.

Roundhill Cannabis ETF Stock Down 2.0%

The business has a 50 day moving average price of $18.63 and a two-hundred day moving average price of $19.23.

Hedge Funds 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) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the Securities and Exchange Commission (SEC).

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.