Roundhill Meme Stock ETF (NYSEARCA:MEME – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 215,432 shares, a decline of 53.0% from the May 14th total of 458,088 shares. Based on an average daily volume of 322,498 shares, the short-interest ratio is presently 0.7 days. Currently, 10.5% of the shares of the stock are sold short.
Roundhill Meme Stock ETF Stock Down 4.0%
MEME traded down $0.41 during trading on Friday, reaching $9.78. The stock had a trading volume of 224,297 shares, compared to its average volume of 232,789. The stock has a 50 day moving average of $9.31 and a two-hundred day moving average of $7.72. The firm has a market capitalization of $20.05 million, a price-to-earnings ratio of -206.94 and a beta of 5.89. 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
Institutional investors have recently modified their holdings of the company. Group One Trading LLC bought a new position in Roundhill Meme Stock ETF during the fourth quarter valued at about $39,000. Simplex Trading LLC bought a new stake in Roundhill Meme Stock ETF in the fourth quarter worth about $60,000. Goldman Sachs Group Inc. acquired a new stake in Roundhill Meme Stock ETF in the 4th quarter valued at about $757,000. Finally, Heck Capital Advisors LLC acquired a new stake in Roundhill Meme Stock ETF in the 4th quarter valued at about $4,243,000. Institutional investors and hedge funds own 29.90% of the company’s stock.
About Roundhill Meme Stock ETF
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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