The Meme stock ‘revolution’ is getting its own ETF as Roundhill Investments targets retail investors

GameStop and AMC were the first faces of the meme stock revolution as retail investors traded these stocks in a viral frenzy even if there was no real news.

tape	protection	last	It changes	% changes
GME	GameStop Inc	24.41	+0.06	+0.25%
Your mother	AMC Entertainment Holdings Inc	2.85	0.00	0.00%

Investor Roaring Kitty, also known as Keith Gill and Deep-F…value, who had been quiet for three years, is known to have returned to social media in June 2024 with a post on Reddit that showed an ledger of GameStop holdings worth millions of dollars. The stock rose 30% after the post.

He also posted on X a reverse green card from the game Uno. Although he didn’t specify the meaning, it could in the world of financial memes Signal to return.

ROARING KITTY is back with GAMESTOP BOOM

While the GME thread faded, Investors now have an exchange-traded fund For the next class of meme stocks: Opendoor Technologies, Plug Power and Applied Digital Corp, which were floated on Wednesday by Roundhill Investments.

tape	protection	last	It changes	% changes
Mimi	ROUNDHILL ​​ETF TRUST MEME STK ETF	9.81	-0.18	-1.85%
It opens	Open technology company	8.49	-0.80	-8.61%
stopper	Plug Power Company	3.65	-0.21	-5.56%
I’m stupid	Applied Digital Company	27.94	+0.64	+2.34%

“Meme stocks started as a rebellion but have evolved into a revolution,” Dave Mazza, CEO of Roundhill Investments, said in the announcement. “From GameStop to AMC and beyond, retail investors have proven that they are here to stay as a perennial force in the market. With MEME, we are giving investors a tool to capture that power through an actively managed ETF that can quickly transform into the stocks that dominate the conversation today.”

How wealthy investors use ETFs

It trades under the ticker called MEME, and the company notes that investors can use ETFs “either as a momentum-driven trade for those seeking to ride retail fervor, or as a hedge against a short book,” which are bets that the stock will decline.

In the case of Opendoor Technologies, This stock is up 430% this year but has traded in a range between $0.51 to $10.87 per share. Retail investors, known as the “open army,” according to the Wall Street Journal, have been promoting executive group changes and strategic moves by the digital house-flipping company. It’s not profitable.

tape	protection	last	It changes	% changes
to whisper	Hims & Hers Health Inc	58.17	+0.20	+0.35%
Qubit	Quantum computing company	20.82	-1.19	-5.41%
He is	Bloom Energy Company	87.58	+1.52	+1.77%

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Other MEME stocks include Hims & Hers Health, Quantum Computing, and Bloom Energy, to name a few.