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Fund Named MEME Is on the Way to Surf the Retail Investor Waves

  • Roundhill Financial files plans for new ETF with catchy ticker
  • Stocks assigned “social media score” for trailing 14 days
Reddit CEO Says WallStreetBets 'Well In Bounds' Of Its Policy
Photographer: Tiffany Hagler-Geard/Bloomberg

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 (ticker MEME) 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.