Roundhill Meme Stock ETF (NYSEARCA:MEME) Trading Down 8% – What’s Next?

Roundhill Meme Stock ETF (NYSEARCA:MEMEGet Free Report)’s stock price dropped 8% during mid-day trading on Monday . The company traded as low as $5.98 and last traded at $6.00. Approximately 173,974 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 870,639 shares. The stock had previously closed at $6.52.

Roundhill Meme Stock ETF Stock Down 8.0%

The company has a market capitalization of $20.82 million, a price-to-earnings ratio of -126.96 and a beta of 1.81. The company has a 50-day moving average price of $8.43 and a 200-day moving average price of $27.92.

Roundhill Meme Stock ETF Company Profile

(Get Free Report)

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.

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