Roundhill Cannabis ETF (WEED)
BATS BATS Primary Summary
WEED Chart
Cannabis ETF (WEED) Hits a New 52-Week High
Cannabis ETF WEED hits a new 52-week high, up 226% from its low, as rescheduling hopes fuel momentum and signal potential further upside.
Roundhill Cannabis ETF (WEED) FAQ
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Roundhill Cannabis ETF Profile
| BATS Exchange | FR Country |
Overview
This fund is an actively managed exchange-traded fund (ETF) that primarily focuses on investing in exchange-listed equity securities and total return swaps. The core of its investment strategy is to provide exposure to the cannabis and hemp ecosystem. It adheres to a policy of investing at least 80% of its net assets in equity securities, such as common stock and depositary receipts. These investments are specifically in companies and Real Estate Investment Trusts (REITs) that either derive a significant portion of their net revenue from the cannabis and hemp sectors or invest a majority of their assets within these industries. The fund categorizes itself as non-diversified, pointing towards a focused investment approach in the cannabis and hemp industry.
Products and Services
- Exchange-Listed Equity Securities
- Total Return Swaps
- Targeted Investment in Cannabis Companies
These are stocks, common shares, or depositary receipts that are traded on public stock exchanges. The fund invests in these financial instruments, specifically targeting companies and REITs involved in the cannabis and hemp sector. This approach aims at harnessing the growth potential of these companies, leveraging the evolving legal and social landscape surrounding cannabis and hemp.
These are derivative contracts that allow the fund to gain exposure to the returns of the cannabis and hemp sectors without needing to hold the underlying securities directly. Through these swaps, the fund can replicate the performance of a specified set of assets by receiving the return of these assets in exchange for a funding cost. This provides flexibility in managing the portfolio and accessing broader market segments.
The fund specifically targets companies and REITs that have a substantial portion of their business within the cannabis and hemp ecosystem. This includes entities that either derive at least 50% of their net revenue from this sector or have the majority of their investments directed towards the cannabis and hemp industries. This focused investment strategy seeks to capitalize on the growth and development within this niche market.
