Montanova Capital LLC Acquires New Shares in Roundhill Meme Stock ETF $MEME

Montanova Capital LLC bought a new stake in Roundhill Meme Stock ETF (NYSEARCA:MEME) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 603,000 shares of the company’s stock, valued at approximately $26,755,000. Montanova Capital LLC owned 0.34% of Roundhill Meme Stock ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MEME. Goldman Sachs Group Inc. acquired a new position in shares of Roundhill Meme Stock ETF during the 4th quarter worth about $757,000. Simplex Trading LLC bought a new stake in shares of Roundhill Meme Stock ETF in the 4th quarter valued at about $60,000. Finally, Group One Trading LLC acquired a new stake in shares of Roundhill Meme Stock ETF in the 4th quarter valued at approximately $39,000. Institutional investors own 29.90% of the company’s stock.

Roundhill Meme Stock ETF Price Performance

Roundhill Meme Stock ETF stock opened at $7.72 on Tuesday. The company’s 50 day simple moving average is $7.98 and its 200 day simple moving average is $8.21. Roundhill Meme Stock ETF has a fifty-two week low of $5.33 and a fifty-two week high of $11.91. The firm has a market capitalization of $13.66 million, a price-to-earnings ratio of -163.35 and a beta of -8.01.

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.