Here are the 10 meme stocks held by an upcoming ETF that will invest in heavily shorted companies
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Matthew Fox
Nov 30, 2021, 19:29 IST
Investors have become more cautious about US stocks in recent weeks.Johannes Eisele/Getty Images
The convergence of stimulus checks and millions of new retail investors led to a boom in so-called meme stocks this year.
The movement was led by epic short squeezes in GameStop and AMC Entertainment as investors YOLO'd their stimulus checks.
These are 10 meme stocks that will be included in the upcoming Roundhill Meme Stock ETF.
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The meme stock boom of 2021 that launched left-for-dead stocks like GameStop and AMC Entertainment to record highs has inspired a new ETF that will invest in stocks based on social media activity and high short interest.
The Roundhill Meme Stock ETF, which tracks the Solactive Roundhill Meme Stock Index, will own a basket of 25 highly shorted stocks that have high social media activity and a market capitalization of at least a $1 billion.
The ETF holdings are equally weighted, and the rules-based ETF is rebalanced twice per month.
If approved, the Roundhill MEME ETF will trade on the New York Stock Exchange under the ticker "MEME." The ETF was filed with the SEC over the summer and has yet to be launched, but the underlying index of the ETF went live earlier this month.
These are 10 of the 25 meme stocks that will be owned by the upcoming Roundhill Meme Stock ETF, according to data from the fund's index provider Solactive.
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