Short Interest in Roundhill Cannabis ETF (BATS:WEED) Grows By 584.6%

Roundhill Cannabis ETF (BATS:WEED) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 2,752 shares, a growth of 584.6% from the August 15th total of 402 shares. Based on an average trading volume of 18,021 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.7% of the company’s shares are short sold.

Roundhill Cannabis ETF Stock Down 2.1%

Roundhill Cannabis ETF stock opened at $21.48 on Friday. The stock’s 50 day moving average is $20.43 and its 200 day moving average is $19.58. Roundhill Cannabis ETF has a one year low of $12.71 and a one year high of $31.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Roundhill Cannabis ETF stock. Nano Cap New Millennium Growth Fund L P acquired a new stake in Roundhill Cannabis ETF (BATS:WEED) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 as of its most recent filing with the SEC.

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.