Roundhill Meme Stock ETF (NYSEARCA:MEME) Short Interest Update

Roundhill Meme Stock ETF (NYSEARCA:MEME) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 182,020 shares, an increase of 246.7% from the July 15th total of 52,508 shares. Based on an average daily trading volume, of 260,292 shares, the short-interest ratio is currently 0.7 days. Currently, 10.3% of the company’s stock are short sold.

Roundhill Meme Stock ETF Stock Up 3.1%

Roundhill Meme Stock ETF stock opened at $8.70 on Friday. Roundhill Meme Stock ETF has a 52-week low of $5.33 and a 52-week high of $11.91. The firm has a market cap of $15.40 million, a PE ratio of -184.09 and a beta of -7.52. The company’s 50 day moving average is $8.42 and its two-hundred day moving average is $8.14.

Institutional Trading of Roundhill Meme Stock ETF

Several hedge funds have recently modified their holdings of MEME. Simplex Trading LLC purchased a new position in Roundhill Meme Stock ETF in the fourth quarter valued at $60,000. Group One Trading LLC purchased a new stake in Roundhill Meme Stock ETF during the 4th quarter worth about $39,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Roundhill Meme Stock ETF during the 4th quarter worth about $757,000. 29.90% of the stock is currently owned by institutional investors and hedge funds.

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.