Roundhill Cannabis ETF (WEED)Miscellaneous Sector | Exchange Traded Fund | Cboe US
19.09 USD
+0.24
(1.273%)
⇧
(April 21, 2026, 10:46 a.m.
EDT)
Short-term: ★★★☆☆ | Long-term: ★★★☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 12:09 a.m. EDT
WEED remains a volatile, swing-itatic play driven by unpredictable policy headlines rather than fundamentals. While the ETF recently hit a new 52-week high and shows technical strength, the underlying fundamentals are fragile (high beta to legislation news, low liquidity, and distinct premiums/discounts due to swaps). Technically, the stock is correcting slightly below key moving averages after a surge, and the options market suggests a wait-and-see approach with a distant target of $25. It is too speculative for core holdings; suitable only for traders with high tolerance for policy-driven binary risk. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.145022 |
| AutoARIMA | 0.151516 |
| AutoETS | 0.157295 |
| MSTL | 0.181259 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 2.99 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.018 |
| Excess Kurtosis | 2.07 |
As of April 19, 2026, 12:09 a.m. EDT: Options flow shows muted activity with negligible volume and open interest across most strikes. The bulk of open interest is in OTM 2026-06 contracts; notably, high OI (10 contracts) exists out-of-the-money at the 25.0 strike for calls, suggesting a speculative target near $25 per share by mid-year. Conversely, 2026-06 puts show OI at the 20.0 and 22.0 strikes, indicating some downside hedging or profit-taking protection. With IVs extremely low (<6%), options speculators are pricing in low volatility and lack a strong consensus on immediate direction, leaning slightly bearish on the near term (OTM call skew) but defensively positioned on the flush weeks.
| Attribute | Value |
|---|---|
| All Time High | 77.5 |
| All Time Low | 8.79 |
| Ask | 19.11 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 15,750 |
| Average Daily Volume3 Month | 20,772 |
| Average Volume | 20,772 |
| Average Volume10Days | 15,750 |
| Beta3 Year | 0.24 |
| Bid | 19.0 |
| Bid Size | 300 |
| Category | Miscellaneous Sector |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 19.09 |
| Day Low | 18.84 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 16.43486 |
| Fifty Day Average Change | 2.65514 |
| Fifty Day Average Change Percent | 0.16155536 |
| Fifty Two Week Change Percent | 80.33099 |
| Fifty Two Week High | 31.047 |
| Fifty Two Week High Change | -11.957001 |
| Fifty Two Week High Change Percent | -0.3851258 |
| Fifty Two Week Low | 8.961 |
| Fifty Two Week Low Change | 10.129 |
| Fifty Two Week Low Change Percent | 1.1303425 |
| Fifty Two Week Range | 8.961 - 31.047 |
| First Trade Date Milliseconds | 1,650,461,400,000 |
| Full Exchange Name | Cboe US |
| Fund Family | Roundhill Investments |
| Fund Inception Date | 1,650,326,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed ETF that seeks to achieve its investment objective by investing primarily in exchange-listed equity securities and total return swaps intended to provide exposure to the cannabis and hemp ecosystem. Under normal circumstances, at least 80% of the fund’s net assets will be invested in equity securities, including common stock and depositary receipts, of companies and REITs that derive at least 50% of their net revenue from, or invest a majority of their assets in, the cannabis and hemp ecosystem (“Cannabis Companies”). It is non-diversified. |
| Long Name | Roundhill Cannabis ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1677880975 |
| Nav Price | 18.9011 |
| Net Assets | 7,235,714.0 |
| Net Expense Ratio | 0.0 |
| Open | 18.84 |
| Previous Close | 18.8501 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.23990059 |
| Regular Market Change Percent | 1.2726754 |
| Regular Market Day High | 19.09 |
| Regular Market Day Low | 18.84 |
| Regular Market Day Range | 18.84 - 19.09 |
| Regular Market Open | 18.84 |
| Regular Market Previous Close | 18.8501 |
| Regular Market Price | 19.09 |
| Regular Market Time | 1,776,782,766 |
| Regular Market Volume | 5,356 |
| Short Name | Roundhill Cannabis ETF |
| Source Interval | 15 |
| Symbol | WEED |
| Three Year Average Return | -0.029421201 |
| Total Assets | 7,235,714 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -23.7197 |
| Trailing Three Month Returns | -23.7197 |
| Triggerable | 1 |
| Two Hundred Day Average | 17.82833 |
| Two Hundred Day Average Change | 1.2616711 |
| Two Hundred Day Average Change Percent | 0.07076777 |
| Type Disp | ETF |
| Volume | 5,356 |
| Yield | 0.0 |
| Ytd Return | -23.7197 |