Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY) Sees Large Drop in Short Interest

Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,083 shares, a decrease of 82.6% from the July 15th total of 6,210 shares. Based on an average daily volume of 2,161 shares, the short-interest ratio is presently 0.5 days.

Tuttle Capital Meme Stock Income Blast ETF Stock Up 0.5%

Tuttle Capital Meme Stock Income Blast ETF stock opened at $17.72 on Friday. Tuttle Capital Meme Stock Income Blast ETF has a 12 month low of $16.49 and a 12 month high of $25.91. The company has a 50-day moving average price of $19.63.

Tuttle Capital Meme Stock Income Blast ETF (BATS: MEMY) is an exchange-traded fund managed by Tuttle Capital Management and listed on the Cboe BATS exchange. The fund’s name and positioning indicate a focus on providing investors with exposure to equities associated with the retail-driven “meme stock” phenomenon while incorporating an income-oriented investment approach.

The ETF is designed to offer thematic exposure to companies that have attracted elevated retail investor interest and trading activity, paired with strategies intended to generate income for shareholders.