Roundhill Cannabis ETF (BATS:WEED) Trading 19.6% Higher – Still a Buy?

Roundhill Cannabis ETF (BATS:WEEDGet Free Report)’s share price traded up 19.6% on Wednesday . The stock traded as high as $17.30 and last traded at $20.2250. 6,402 shares were traded during mid-day trading, a decline of 45% from the average session volume of 11,702 shares. The stock had previously closed at $16.9138.

Roundhill Cannabis ETF Stock Performance

The stock has a 50 day moving average price of $18.18 and a 200-day moving average price of $16.95.

Institutional Trading of Roundhill Cannabis ETF

An institutional investor recently bought a new position in Roundhill Cannabis ETF stock. OLD Mission Capital LLC purchased a new position in shares of Roundhill Cannabis ETF (BATS:WEEDFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,250 shares of the company’s stock, valued at approximately $367,000. OLD Mission Capital LLC owned approximately 9.64% of Roundhill Cannabis ETF as of its most recent filing with the Securities & Exchange Commission.

Roundhill Cannabis ETF Company Profile

(Get Free Report)

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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