Roundhill Cannabis ETF (BATS:WEED) Short Interest Down 84.0% in May

Roundhill Cannabis ETF (BATS:WEED) saw a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,567 shares, a decline of 84.0% from the May 14th total of 9,787 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 19,729 shares, the short-interest ratio is presently 0.1 days.

Roundhill Cannabis ETF Price Performance

WEED stock opened at $23.84 on Wednesday. Roundhill Cannabis ETF has a 12 month low of $8.96 and a 12 month high of $31.05. The firm has a 50 day moving average of $19.89 and a two-hundred day moving average of $18.59.

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 bought a new position in Roundhill Cannabis ETF (BATS:WEED) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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.

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.