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

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

Roundhill Meme Stock ETF Stock Performance

The business has a 50 day moving average of $7.70 and a two-hundred day moving average of $27.54. The stock has a market capitalization of $19.67 million, a PE ratio of -119.97 and a beta of 1.81.

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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