Roundhill Meme Stock ETF (MEME) Stock Price, News & Analysis
Company Description
Roundhill MEME ETF (MEME) is a thematic exchange-traded fund designed to provide exposure to meme-stock equities by seeking investment results that track, before fees and expenses, the performance of the Solactive Roundhill Meme Stock Index. The fund was launched by Roundhill Investments and is associated with the ticker MEME.
The fund's investment theme centers on companies characterized as meme stocks, including equities that may be highly shorted and subject to elevated retail-investor sentiment. At launch, the portfolio referenced companies such as GameStop, AMC Entertainment, BlackBerry, and Digital World Acquisition Corp. as examples of holdings included under the index methodology at that time. The index's design and bi-weekly rebalance schedule can result in higher portfolio turnover and greater volatility than conventional broad equity ETFs or mutual funds.
Roundhill Financial Inc. serves as the investment adviser to the fund. Foreside Fund Services, LLC is identified as the distributor. The fund's shares trade on NYSE Arca, and options on MEME were listed for trading on the NYSE American Options market. In 2023, the fund completed a one-for-five reverse split of its issued and outstanding shares, which adjusted the share count and per-share net asset value mechanics without changing the total market value of outstanding shares except for fractional-share treatment.
The ETF is part of Roundhill's thematic fund lineup, which is built around narrowly defined market themes rather than broad-market benchmark exposure. MEME's defining investment category is meme-stock exposure through an index-linked ETF structure.
Stock Performance
Roundhill Meme Stock ETF (MEME) stock last traded at $8.39, up 1.67% from the previous close. Over the past 12 months, the stock has lost 14.5%.
Latest News
Roundhill Meme Stock ETF has 4 recent news articles. Of the recent coverage, 0 articles coincided with positive price movement and 1 with negative movement. Key topics include stock split. View all MEME news →
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Financial Highlights
Upcoming Events
Short Interest History
Short interest in Roundhill Meme Stock ETF (MEME) currently stands at 61.2 thousand shares, down 71.6% from the previous reporting period, representing 2.4% of the shares outstanding. Over the past 12 months, short interest has increased by 177.1%.
Days to Cover History
Days to cover for Roundhill Meme Stock ETF (MEME) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 3.7 days.