Roundhill Meme Stock ETF(AMEX:MEME)

MEME is an actively managed fund relying on online engagement activity and implied volatility. The fund invests in highly speculative stocks that experience an increased short-term trading activity due to social momentum a heightened online engagement across platforms and forums. The investment universe of 200 highly traded US-listed stocks and ADRs is ranked based on implied volatility, the top 30 securities are defined as the meme stocks. The adviser then selects securities based on the analysis of their social media momentum. The resulting portfolio, consisting of 13 25 securities, is weighted based on implied volatility. Implied volatility is derived from options market prices, indicating the markets expectation of price swings. Rebalance may occur weekly. Roundhill MEME ETF was a similar index-tracking fund, focusing on meme stocks. It launched in Dec. 2021 and was closed in Dec. 2023. This fund is an active version, with some changes in the screening process.