Roundhill Meme Stock ETF (NYSEARCA:MEME – Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 61,231 shares, a decline of 71.6% from the May 31st total of 215,432 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily volume of 272,923 shares, the short-interest ratio is presently 0.2 days.
Roundhill Meme Stock ETF Stock Down 4.4%
Shares of NYSEARCA MEME traded down $0.40 during mid-day trading on Friday, hitting $8.79. 103,515 shares of the company traded hands, compared to its average volume of 228,683. Roundhill Meme Stock ETF has a 1 year low of $5.33 and a 1 year high of $11.91. The stock has a market capitalization of $18.02 million, a price-to-earnings ratio of -185.99 and a beta of 5.75. The business has a 50 day moving average of $9.82 and a two-hundred day moving average of $7.95.
Institutional Trading of Roundhill Meme Stock ETF
A number of hedge funds have recently bought and sold shares of MEME. Heck Capital Advisors LLC purchased a new position in shares of Roundhill Meme Stock ETF in the fourth quarter worth approximately $4,243,000. Goldman Sachs Group Inc. acquired a new stake in shares of Roundhill Meme Stock ETF during the fourth quarter valued at approximately $757,000. Simplex Trading LLC purchased a new stake in shares of Roundhill Meme Stock ETF in the 4th quarter valued at approximately $60,000. Finally, Group One Trading LLC purchased a new stake in shares of Roundhill Meme Stock ETF in the 4th quarter valued at approximately $39,000. 29.90% of the stock is owned by hedge funds and other institutional investors.
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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