Roundhill MEME ETFRoundhill MEME ETFRoundhill MEME ETF
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Roundhill MEME ETF

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About Roundhill MEME ETF


Issuer
Roundhill Financial, Inc.
Brand
Roundhill
Expense ratio
0.69%
Inception date
Dec 8, 2021
Index tracked
Solactive Roundhill Meme Stock Index - Benchmark TR Gross
Management style
Passive
The fund is closing. The last day of trading on an exchange is December 12, 2023. MEME relies on social media popularity and market sentiments in constructing its narrow portfolio. Eligible securities are initially given a social media activity or meme scorethat is the number of times a firm, or its ticker, are mentioned on specific social media platforms over a trailing 14-day period. The top 50 companies with the highest meme score will then be ranked based on short interestwhich pertains to the percentage of a firms available publicly traded shares that have been sold short but which have not yet been covered or closed out. The 25 securities with the highest short interest will be selected for inclusion and equally weighted within the portfolio. Since high short interest implies a bearish market sentiment, this balances the bullish outlook of high social media interest, thus, capturing firms with the potential for price appreciation at a more attractive value. The index rebalances every two weeks with selection occurring every 2nd Friday of the month.

Classification


Asset Class
Equity
Category
Size and style
Focus
Total market
Niche
Broad-based
Strategy
Technical
Weighting scheme
Equal
Selection criteria
Technical
What's in the fund
Exposure type
Bonds, Cash & Other
Mutual fund
Stock breakdown by region
100%