What's Going On With Roundhill Cannabis ETF Shares?
Portfolio Pulse from Erica Kollmann
Shares of Listed Funds Trust Roundhill Cannabis ETF (BATS:WEED) are trading higher amid momentum in the cannabis sector due to recent developments in U.S. efforts to reschedule marijuana. The sector has been moving higher since Aug. 31 when the Department of Health and Human Services recommended the reclassification of marijuana from a Schedule I to Schedule III substance. The ETF's shares are moving higher on above-average trading volume, with more than 5,380 shares traded in the session, compared to the ETF's 100-day average of 4,221 shares.
September 12, 2023 | 2:46 pm
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Roundhill Cannabis ETF (BATS:WEED) shares are trading higher due to momentum in the cannabis sector and above-average trading volume. The sector's momentum is driven by U.S. efforts to reschedule marijuana.
The ETF's shares are trading higher due to the positive momentum in the cannabis sector, which is driven by recent developments in U.S. efforts to reschedule marijuana. This news is highly relevant to the ETF as it directly impacts the cannabis sector. The above-average trading volume indicates increased investor interest, which could further drive the price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100