Industry description
The investment seeks capital growth.
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.
Volume
The average weekly volume growth across all stocks in the Roundhill Cannabis ETF ETF was -31%. For the same stocks of the ETF, the average monthly volume growth was 199% and the average quarterly volume growth was 6%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 57
P/E Growth Rating: 62
Price Growth Rating: 46
SMR Rating: 83
Profit Risk Rating: 96
Seasonality Score: -16 (-100 ... +100)