Roundhill Meme Stock ETF (NYSEARCA:MEME) Short Interest Down 71.6% in June

Roundhill Meme Stock ETF (NYSEARCA:MEME) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 61,231 shares, a decrease of 71.6% from the May 31st total of 215,432 shares. Based on an average daily volume of 272,923 shares, the short-interest ratio is presently 0.2 days. Currently, 3.0% of the company’s stock are sold short.

Roundhill Meme Stock ETF Price Performance

Shares of MEME opened at $8.79 on Friday. The company has a market cap of $18.02 million, a PE ratio of -185.99 and a beta of 5.75. The firm has a 50-day moving average of $9.82 and a 200-day moving average of $7.95. Roundhill Meme Stock ETF has a one year low of $5.33 and a one year high of $11.91.

Hedge Funds Weigh In On Roundhill Meme Stock ETF

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