MEME - GameStop & AMC Entertainment have this MEME ETF up nearly 5%

MEME stocks pop on Wednesday afternoon driving the price up on the Roundhill MEME ETF (NYSEARCA:MEME). MEME is the market’s exclusive meme-based fund and it has risen 4.9% on the day with support from names like GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC). MEME with its 25 holdings and 0.69% expense ratio has a 4.04% weighting in GME while also having a 3.75% stake in AMC. In afternoon trading GME has surged 21.3% and AMC has leaped up 10.4%. MEME is a unique thematic fund that seeks to provide market participants with exposure to U.S. listed stocks that exhibit a combination of elevated social media activity and high short interest.  While MEME has spiked on Wednesday, it pales in comparison to the funds 53.6% collapse in 2022. Taking a look at the fund further and investors will notice that the exchange traded fund’s peak came on its very first day of trading, and from there it’s been

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GameStop & AMC Entertainment have this MEME ETF up nearly 5%