Roundhill Meme Stock ETF (NYSEARCA:MEME) Shares Up 1.6% – What’s Next?

Roundhill Meme Stock ETF (NYSEARCA:MEME) rose 1.6% during trading on Thursday . The company traded as high as $7.00 and last traded at $6.97. Approximately 113,226 shares changed hands during trading, a decline of 61% from the average daily volume of 291,116 shares. The stock had previously closed at $6.86.

Roundhill Meme Stock ETF Stock Performance

The company has a 50-day moving average of $7.05 and a 200-day moving average of $17.37. The firm has a market capitalization of $17.73 million, a price-to-earnings ratio of -141.56 and a beta of 1.81.

Institutional Investors Weigh In On Roundhill Meme Stock ETF

Large investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new position in Roundhill Meme Stock ETF in the 4th quarter worth $4,243,000. Goldman Sachs Group Inc. bought a new stake in shares of Roundhill Meme Stock ETF in the fourth quarter valued at about $757,000. Simplex Trading LLC acquired a new position in shares of Roundhill Meme Stock ETF during the fourth quarter worth about $60,000. Finally, Group One Trading LLC bought a new position in shares of Roundhill Meme Stock ETF during the fourth quarter worth about $39,000. Institutional investors own 29.90% of the company’s stock.

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.