Roundhill Cannabis ETF (BATS:WEED) Short Interest Update

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

Roundhill Cannabis ETF Trading Up 5.7%

WEED opened at $22.10 on Wednesday. The business’s 50-day moving average price is $21.28 and its 200-day moving average price is $19.21. Roundhill Cannabis ETF has a 12 month low of $9.78 and a 12 month high of $31.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P bought a new position in Roundhill Cannabis ETF (BATS:WEED) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 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.