Daily Poll: A meme package? MEME ETF is coming.
Investors looking to capitalize on this year’s meme-stock mania without having to scour Reddit message boards may soon be able to through an Exchange-Traded Fund.
The Roundhill MEME ETF will screen stocks based on their social media activity and levels of short interest, according to a Securities and Exchange Commission filing Thursday. The ETF will rebalance every two weeks based on the holdings’ "social media score" over a trailing 14-day period.
The Roundhill MEME ETF will screen stocks based on their social media activity and levels of short interest, according to a Securities and Exchange Commission filing Thursday. The ETF will rebalance every two weeks based on the holdings’ "social media score" over a trailing 14-day period.
The VanEck Vectors Social Sentiment ETF, which is backed by Barstool Sports Inc founder Dave Portnoy, invests in stocks that are popular on social media and has gained 10% since its launch in March, underperforming versus the $SPDR S&P 500 ETF (SPY.US)$ 19% gain during the same period.
FOMO, an active ETF launched by Tuttle Capital Management in March, also seeks to track companies with high social media sentiment, as well as special acquisition companies and cryptocurrency companies. It is up 2.5% since its launch.
It seems everything could become an ETF, does anyone got any proposal for a brand new ETF?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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小时代叶天 : Stonk only go up
RyanT2021 : I suggest a new ETF that tracks the performance of all listed fast food companies, they keep mushrooming all over the world and has good growth potential in developing countries
小时代叶天 RyanT2021 : how about an ETF for weed company LOL
Orangutan : Investing in US markets is a joke apparently.
WannaBeTrader 小时代叶天 : there are already weed etfs out there