Montanova Capital LLC Takes Position in Roundhill Meme Stock ETF $MEME

Montanova Capital LLC purchased a new stake in Roundhill Meme Stock ETF (NYSEARCA:MEME) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 603,000 shares of the company’s stock, valued at approximately $26,755,000. Montanova Capital LLC owned about 34.07% of Roundhill Meme Stock ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Group One Trading LLC bought a new stake in Roundhill Meme Stock ETF during the 4th quarter worth about $39,000. Simplex Trading LLC bought a new position in shares of Roundhill Meme Stock ETF in the 4th quarter valued at about $60,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Roundhill Meme Stock ETF in the 4th quarter valued at about $757,000. 29.90% of the stock is currently owned by institutional investors and hedge funds.

Roundhill Meme Stock ETF Price Performance

Shares of NYSEARCA:MEME opened at $7.72 on Tuesday. The stock has a market cap of $13.66 million, a price-to-earnings ratio of -163.35 and a beta of -8.01. The company has a 50 day moving average of $7.98 and a 200-day moving average of $8.21. Roundhill Meme Stock ETF has a one year low of $5.33 and a one year high of $11.91.

About Roundhill Meme Stock ETF

The Roundhill MEME ETF (MEME) is an exchange-traded fund that is based on the Solactive Roundhill Meme Stock index. The fund tracks an equal-weighted index of 25 US-listed stocks selected baesd on a high social media activity score and high short interest percentage. MEME was launched on Dec 8, 2021 and is managed by Roundhill.