Roundhill Cannabis ETF (BATS:WEED) Short Interest Update

Roundhill Cannabis ETF (BATS:WEED) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 872 shares, a decline of 44.4% from the May 31st total of 1,567 shares. Based on an average daily volume of 30,412 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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 its most recent filing with the Securities & Exchange Commission. The firm purchased 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 reporting period.

Roundhill Cannabis ETF Price Performance

WEED stock opened at $22.10 on Wednesday. The firm has a 50 day simple moving average of $21.28 and a two-hundred day simple moving average of $19.21. Roundhill Cannabis ETF has a one year low of $9.78 and a one year high of $31.05.

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.