By Julianna
An ETF seizing on the rise of the retail trader is about to launch -- $ROUNDHILL MEME ETF (MEME.US)$.
Roundhill Investments is pushing on with plans to list the $ROUNDHILL MEME ETF (MEME.US)$ on this Wednesday, according to the firm's Chief Executive Officer Will Hershey.
The product is set to track the Solactive Roundhill Meme Stock Index -- which screens companies based on social-media activity and short interest to create a portfolio of 25 retail-friendly equities. MEME will charge a fee of 0.69%.
The Fund uses a "passive management" approach to seek to track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index which, in turn, seeks to track the performance of "meme stocks."
Meme stocks are equity securities, including ADRs, of companies that exhibit a combination of elevated social media activity (i.e., the number of times a company or its ticker is mentioned on specific social media platforms) and high short interest (i.e., the number of an issuer's shares that have been sold short but which have not yet been covered or closed out), both of which are indicators of market sentiment.
--- Investment strategies of MEME
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Roundhill's ETF is the latest attempt in the $7 trillion U.S. ETF arena to tap into this year's meme-stock mania. The $VANECK VECTORS SOCIAL SENTIMENT ETF (BUZZ.US)$ quickly gathered assets of about $500 million after launching in March. However it struggled to maintain momentum and is down roughly 0.4% since then, with assets falling to around $160 million.
BUZZ rebalances monthly -- potentially a long time in message-board investing cycles. MEME will rebalance every two weeks and that should help set it apart, Hershey said. And unlike BUZZ, the ETF isn't limited to large-cap stocks.
It really is a phenomenon that's not being quantified with any products that are out there and until now, there was no way for people to put on that trade.”
--- Hershey said.
Have you ever invested in meme stocks? Will you buy the MEME ETF?
$AMC Entertainment (AMC.US)$ $ZIM Integrated Shipping (ZIM.US)$ $Digital World Acquisition Corp (DWAC.US)$ $Tilray Brands (TLRY.US)$ $Lucid Group (LCID.US)$
Soure: Roundhill Investments, Bloomberg

$Rivian Automotive (RIVN.US)$
other thoughts put in comments

$Rivian Automotive (RIVN.US)$ Holey Moley

Research has revealed that markets evolve in a highly predictable fashion, governed by the "Rule of Three." Name any industry, and more likely than not you will find that the three strongest, most efficient companies control 70 to 90 percent of the market.
When electric vehicles become the most popular concept in the market, investors eyeing the EV space may have a sense of déjà vu.
$Tesla (TSLA.US)$ , $Rivian Automotive (RIVN.US)$ , and $Lucid Group (LCID.US)$ are the top three names on the EV market cap list.
They are currently the "EV Big Three."
Here comes their market cap:
Tesla $1.017 T
Rivian $131.94 B
Lucid $71.80 B
Do you think they can maintain their advantages and stay at the top? Or other competitors like $NIO Inc (NIO.US)$, $XPeng (XPEV.US)$ will manage to catch up soon?
Vote and comment tell about your thoughts!
Choose more than one answer

$Rivian Automotive (RIVN.US)$ I'm not saying Rivian=Tesla, but if I had to choose between an electric truck that rock crawls, an electric truck that looks like a bad PS1 render, and a Ford F150, my hat goes off to Rivian

Elon Musk on Saturday put the potential share sale up for popular vote on the social-media platform as he waded back into the debate over how some of the wealthiest Americans should be taxed.
“Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my $Tesla (TSLA.US)$ stock,” he tweeted as he launched the poll, adding, “I will abide by the results of this poll, whichever way it goes.”
Today Twitter poll calls on Elon Musk to sell 10% stake in Tesla
Are you excited to see what will happen when the stock market opens? Will Elon sell his stocks? How will the news affects it's stock price?
Source:
Twitter poll calls on Elon Musk to sell 10% stake in Tesla