Roundhill Cannabis ETF (WEED)Miscellaneous Sector | Exchange Traded Fund | Cboe US
22.39 USD
+0.91
(4.230%)
⇧
(Aug. 28, 2026, 3:12 p.m.
EDT)
After hours: 21.95 -0.44 (-0.444%) ⇩ (Aug. 28, 2026, 6:40 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:16 a.m. EDT
The immediate catalyst is undeniable: regulatory declassification under the incoming administration has triggered a massive re-rating of the entire sector, pushing WEED toward its 52-week highs. This policy-driven momentum creates a compelling short-term case, as the asset is trading well above its 200-day average while institutional and retail capital flows in aggressively on the news of potential federal legalization. However, this rally is built on a fragile foundation. The underlying business quality is severely compromised by a brutal three-year trajectory where the asset has lost more than half its value, driven by a toxic combination of oversupply and regulatory limbo. With zero dividend income to cushion the blow and a history of double-digit annual declines, the long-term outlook remains bleak until the supply-demand equilibrium finally resolves. Investors are currently betting on a policy miracle rather than a sustainable business recovery. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.094208 |
| AutoTheta | 0.103913 |
| AutoETS | 0.114837 |
| MSTL | 0.120026 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 34% |
| H-stat | 4.12 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.064 |
| Excess Kurtosis | 0.24 |
As of Aug. 22, 2026, 1:16 a.m. EDT: Speculators are positioning for a moderate upside move, evidenced by significant open interest in out-of-the-money calls (strikes $25 and $26) compared to negligible put volume. Implied volatility is elevated relative to deep OTM strikes, suggesting a fear of a sharp spike rather than a crash, though the lack of ITM put positioning indicates limited hedging against a severe downturn.
| Attribute | Value |
|---|---|
| All Time High | 77.5 |
| All Time Low | 8.79 |
| Ask | 22.53 |
| Ask Size | 700 |
| Average Daily Volume10 Day | 17,770 |
| Average Daily Volume3 Month | 18,406 |
| Average Volume | 18,406 |
| Average Volume10Days | 17,770 |
| Beta3 Year | 1.09 |
| Bid | 22.39 |
| Bid Size | 100 |
| Category | Miscellaneous Sector |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 22.3936 |
| Day Low | 21.47 |
| 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 | 20.03814 |
| Fifty Day Average Change | 2.3554611 |
| Fifty Day Average Change Percent | 0.1175489 |
| Fifty Two Week Change Percent | -2.7211785 |
| Fifty Two Week High | 31.047 |
| Fifty Two Week High Change | -8.6534 |
| Fifty Two Week High Change Percent | -0.27871937 |
| Fifty Two Week Low | 12.712 |
| Fifty Two Week Low Change | 9.681601 |
| Fifty Two Week Low Change Percent | 0.7616111 |
| Fifty Two Week Range | 12.712 - 31.047 |
| First Trade Date Milliseconds | 1,650,461,400,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | 0.9088 |
| Fullday Change Percent | 4.22997 |
| Fullday Price | 21.95 |
| 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 | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1677880975 |
| Nav Price | 21.8354 |
| Net Assets | 7,847,368.0 |
| Net Expense Ratio | 0.41 |
| Open | 21.47 |
| Post Market Change | -0.4435997 |
| Post Market Change Percent | -1.9809217 |
| Post Market Price | 21.95 |
| Post Market Time | 1,787,956,852 |
| Previous Close | 21.4848 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.9088 |
| Regular Market Change Percent | 4.22997 |
| Regular Market Day High | 22.3936 |
| Regular Market Day Low | 21.47 |
| Regular Market Day Range | 21.47 - 22.3936 |
| Regular Market Open | 21.47 |
| Regular Market Previous Close | 21.4848 |
| Regular Market Price | 22.3936 |
| Regular Market Time | 1,787,944,325 |
| Regular Market Volume | 21,250 |
| Short Name | Roundhill Cannabis ETF |
| Source Interval | 15 |
| Symbol | WEED |
| Three Year Average Return | 0.0270542 |
| Total Assets | 7,847,368 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -16.43517 |
| Trailing Three Month Returns | -16.43517 |
| Triggerable | 1 |
| Two Hundred Day Average | 18.992266 |
| Two Hundred Day Average Change | 3.4013348 |
| Two Hundred Day Average Change Percent | 0.17909051 |
| Type Disp | ETF |
| Volume | 21,250 |
| Yield | 0.0 |
| Ytd Return | -5.31099 |