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

Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 640 shares, a decrease of 40.9% from the July 30th total of 1,083 shares. Based on an average daily volume of 716 shares, the days-to-cover ratio is currently 0.9 days.

Tuttle Capital Meme Stock Income Blast ETF Stock Performance

MEMY traded up $0.02 during trading on Tuesday, hitting $16.83. 338 shares of the company traded hands, compared to its average volume of 1,125. Tuttle Capital Meme Stock Income Blast ETF has a one year low of $16.49 and a one year high of $25.91. The firm’s fifty day moving average price is $18.36.

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.