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

Roundhill Meme Stock ETF (NYSEARCA:MEME) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 61,231 shares, a decrease of 71.6% from the May 31st total of 215,432 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 272,923 shares, the days-to-cover ratio is presently 0.2 days.

Roundhill Meme Stock ETF Trading Up 6.7%

Shares of NYSEARCA:MEME traded up $0.59 during trading on Monday, reaching $9.38. The company’s stock had a trading volume of 141,931 shares, compared to its average volume of 227,972. The stock has a market capitalization of $19.23 million, a PE ratio of -198.48 and a beta of 5.75. Roundhill Meme Stock ETF has a 12 month low of $5.33 and a 12 month high of $11.91. The firm’s 50 day simple moving average is $9.82 and its two-hundred day simple moving average is $7.96.

Institutional Investors Weigh In On Roundhill Meme Stock ETF

Several institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in shares of Roundhill Meme Stock ETF in the 4th quarter worth approximately $4,243,000. Goldman Sachs Group Inc. purchased a new stake in Roundhill Meme Stock ETF during the 4th quarter valued at $757,000. Simplex Trading LLC bought a new stake in Roundhill Meme Stock ETF in the fourth quarter worth $60,000. Finally, Group One Trading LLC bought a new stake in Roundhill Meme Stock ETF in the fourth quarter worth $39,000. 29.90% of the stock is owned by institutional investors.

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.