Roundhill Meme Stock ETF (NYSEARCA:MEME – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 182,020 shares, a growth of 246.7% from the July 15th total of 52,508 shares. Currently, 10.3% of the shares of the stock are sold short. Based on an average trading volume of 260,292 shares, the short-interest ratio is currently 0.7 days.
Roundhill Meme Stock ETF Stock Up 2.0%
Shares of Roundhill Meme Stock ETF stock traded up $0.17 during trading hours on Thursday, reaching $8.72. 38,243 shares of the company’s stock were exchanged, compared to its average volume of 215,673. The company has a market capitalization of $15.43 million, a P/E ratio of -184.51 and a beta of -7.52. The business has a fifty day moving average of $8.50 and a two-hundred day moving average of $8.13. Roundhill Meme Stock ETF has a 1 year low of $5.33 and a 1 year high of $11.91.
Institutional Trading of Roundhill Meme Stock ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Group One Trading LLC purchased a new stake in Roundhill Meme Stock ETF in the 4th quarter valued at about $39,000. Simplex Trading LLC purchased a new position in Roundhill Meme Stock ETF in the fourth quarter valued at $60,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Roundhill Meme Stock ETF during the fourth quarter worth about $757,000. Institutional investors and hedge funds own 29.90% of the company’s stock.
Roundhill Meme Stock ETF Company Profile
The Roundhill MEME ETF (MEME) is an exchange-traded fund that is based on the Solactive Roundhill Meme Stock index. The fund tracks an equal-weighted index of 25 US-listed stocks selected baesd on a high social media activity score and high short interest percentage. MEME was launched on Dec 8, 2021 and is managed by Roundhill.
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