Roundhill Cannabis ETF (BATS:WEED – Get Free Report) dropped 1.6% during trading on Wednesday . The stock traded as low as $19.37 and last traded at $19.38. 6,020 shares were traded during trading, a decline of 75% from the average daily volume of 23,969 shares. The stock had previously closed at $19.69.
Roundhill Cannabis ETF Stock Down 1.6%
The business’s fifty day moving average price is $20.81 and its 200 day moving average price is $19.05.
Institutional Inflows and Outflows
An institutional investor 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 – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the 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 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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