Roundhill Meme Stock ETF (NYSEARCA:MEME) Stock Price Up 2% – Should You Buy?

Roundhill Meme Stock ETF (NYSEARCA:MEME)’s share price was up 2% during trading on Tuesday . The stock traded as high as $7.80 and last traded at $7.79. Approximately 45,433 shares were traded during trading, a decline of 79% from the average daily volume of 216,728 shares. The stock had previously closed at $7.64.

Roundhill Meme Stock ETF Stock Up 2.0%

The stock’s 50 day moving average price is $8.55 and its two-hundred day moving average price is $8.13. The firm has a market capitalization of $13.79 million, a price-to-earnings ratio of -164.83 and a beta of -7.12.

Institutional Investors Weigh In On Roundhill Meme Stock ETF

Several large investors have recently made changes to their positions in the company. Group One Trading LLC acquired a new position in Roundhill Meme Stock ETF in the fourth quarter worth approximately $39,000. Simplex Trading LLC bought a new position in Roundhill Meme Stock ETF during the fourth quarter valued at approximately $60,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Roundhill Meme Stock ETF in the fourth quarter valued at approximately $757,000. 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.