WEED Stock Summary and Trading Ideas (Listed Funds Trust Roundhill Cannabis ETF | BATS:WEED)

The Roundhill Cannabis ETF ("WEED ETF") is designed to offer investors exposure to the cannabis sector. The fund invests in various cannabis related companies, including: (i) cannabis producers and distributors, (ii) cannabis-related technology companies, and (iii) additional cannabis related ancillary businesses. The Roundhill Cannabis ETF may utilize total return swaps to provide exposure to U.S. focused cannabis companies. Total return swaps are over-the-counter derivatives which provide the fund with exposure to the underlying reference assets (i.e. MSOs). Total return swaps introduce counterparty risk via prime brokers that the Fund engages with.

Listed Funds Trust Roundhill Cannabis ETF trades on the BATS stock market under the symbol WEED.

As of April 19, 2024, WEED stock price declined to $38.61 with 4,143 million shares trading.

WEED has a market cap of $6.76 million. This is considered a Sub-Micro Cap stock.

WEED has outperformed the market in the last year with a return of +81.7%, while the SPY ETF gained +21.2%. In the last 3 month period, WEED beat the market returning +13.5%, while SPY returned +4.3%. However, in the most recent 2 weeks WEED has underperformed the stock market by returning -6.2%, while SPY returned -3.5%.

WEED support price is $37.57 and resistance is $41.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WEED stock will trade within this expected range on the day.