Pacer ETFs President Sean O’Hara discusses the benefits of ETFs and reveals his favorite investments on ‘The Claman Countdown’.
GameStop and AMC were early faces of the meme stock revolution as retail investors traded these stocks in the viral frenzy even in the absence of factual news.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| GME | GameStop Corp. | 24.41 | +0.06 |
+0.25% |
| amc | AMC Entertainment Holdings Inc. | 2.85 | +0.01 |
+0.18% |
Famously, investor Roaring Kitty, also known as Keith Gill and Deep-F…Value, who had been quiet for three years, returned to social media in June 2024 with a Reddit post that revealed an account with millions of dollars worth of GameStop holdings. The stock rose 30% after the post.
Keith Gill, known on Reddit under the pseudonyms DeepF…Value and Roaring Kitty, is seen in a snippet of a YouTube video. (Pavlo Gonchar/SOPA Images/LightRocket/Getty Images)
He also posted a reverse green card from the game Uno on X. Although he didn’t specify what it meant, in the world of stock memes it could reportedly be Return signal.
Roaring Kitty returns with GameStop boom
While the GME thread is over, Investors now have an exchange-traded fund Next up for the meme stock class: Opendoor Technologies, Plug Power and Applied Digital Corp, which was launched on Wednesday by Roundhill Investments.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| MEME | Roundhill ETF Trust Meme STK ETF | 9.81 | -0.18 |
-1.85% |
| open | Opendoor Technologies Inc | 8.49 | -0.80 |
-8.61% |
| plug | Plug Power Inc. | 3.65 | -0.21 |
-5.56% |
| APLD | Applied Digital Corp | 27.94 | +0.64 |
+2.34% |
“Meme stocks started as a rebellion but turned into a revolution,” Dave Mazza, CEO of Roundhill Investments, said in the announcement. “From GameStop to AMC and beyond, retail investors have proven they are here to stay as an enduring force in the market. With MEME, we provide investors a tool to harness that power through an actively managed ETF that can quickly pivot to the stocks dominating the conversation today.”
How many wealthy investors are using ETFS?
A cyclist rides his bike near the AMC Theater in San Francisco. (Justin Sullivan/Getty Images)
Trading under the ticker name MEME, the firm notes that investors can use the ETF “whether as a momentum-driven trade for those looking to ride the retail euphoria, or as a hedge against a short book,” which are bets that a stock will fall.
In the case of Opendoor Technologies, That stock is up 430% this year, but trading in a range of $0.51 to $10.87 per share. According to The Wall Street Journal, its retail investors, known as the “Open Army”, have driven C-suite changes and strategy moves for the digital home flipping company. This is not profitable.
| anchor | Security | Last | Change | Change % |
|---|---|---|---|---|
| Hims | Hims and Hers Health Inc | 58.17 | +0.20 |
+0.35% |
| QUBT | Quantum Computing Inc | 20.82 | -1.19 |
-5.41% |
| Happen | Bloom Energy Corporation | 87.58 | +1.52 |
+1.77% |
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Other stocks in MEME include His & Hers Health, Quantum Computing, and Bloom Energy, to name a few.
