JannHuizenga
Roundhill Investments is preparing to revive its popular MEME-focused exchange-traded fund, following the closure of the original Roundhill MEME ETF (MEME) in 2023.
A recent filing with the U.S. Securities and Exchange Commission reveals plans to launch the new Roundhill Meme Stock ETF (MEME), an actively managed fund designed to capitalize on the unique dynamics of meme stocks.
According to the filing, the fund will target stocks distinguished by exceptional liquidity and pronounced price volatility—often propelled by social media-driven momentum rather than traditional fundamental analysis. This approach aims to harness the dramatic swings in trading volume that define the meme stock phenomenon.
The news follows the original Roundhill MEME ETF, introduced in December 2021, which tracked an index designed to reflect the performance of stocks experiencing surges in social media popularity and high short interest—hallmarks of the 2021 meme stock craze. Despite initial interest, the fund was ultimately shuttered in December 2023 due to limited investor demand and underwhelming performance.
While no specific stock holdings were listed for MEME, some names that may find itself inside of the newly filed ETF may include shares of GameStop (NYSE:GME), AMC Entertainment Holdings (NYSE:AMC), and BlackBerry Limited (NYSE:BB).
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