Pacer ETFs President Sean O’Hara discusses the advantages of ETFs and lays out his favourite investments on ‘The Claman Countdown.’
Ticker Safety Final Change Change % GME GAMESTOP CORP. 24.41 +0.07
+0.31%
AMC AMC ENTERTAINMENT HOLDINGS INC 2.85 0.00
0.00%
Famously, investor Roaring Kitty, often known as Keith Gill and Deep-F…worth, who had gone quiet for 3 years, returned to social media in June 2024 with a Reddit put up that confirmed a ledger of GameStop holdings price thousands and thousands. The inventory soared 30% after the put up.
Keith Gill, recognized on Reddit below the pseudonym DeepF…Worth and as Roaring Kitty, is seen on a fraction of a youtube video displayed on a smartphone display screen in entrance of GameStop emblem. (Pavlo Gonchar/SOPA Photographs/LightRocket / Getty Photographs)
He additionally posted on X a reverse inexperienced card from the sport Uno. Whereas he did not specify the that means, within the inventory meme world it might probably reportedly sign a comeback.
ROARING KITTY RETURNS WITH GAMESTOP BOOM
Whereas the GME thread has died down, buyers now have an exchange-traded fund for the subsequent class of meme shares; Opendoor Applied sciences, Plug Energy, and Utilized Digital Corp which rolled out Wednesday by Roundhill Investments.
Ticker Safety Final Change Change % MEME ROUNDHILL ETF TRUST MEME STK ETF 9.81 -0.01
-0.05%
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 have grown into a revolution,” stated Dave Mazza, CEO of Roundhill Investments within the announcement. “From GameStop to AMC and beyond, retail investors have proven that they are here to stay as a permanent force in the market. With MEME, we offer investors a tool to capture that power through an actively managed ETF that can rotate quickly into the stocks dominating the conversation today.”
HOW WEALTHY INVESTORS ARE USING ETFS
A bike owner rides his bike by an AMC theater in San Francisco. (Justin Sullivan / Getty Photographs)
Buying and selling below the ticker aptly named MEME, the agency notes buyers can use the ETF “whether as a momentum-driven trade for those seeking to ride retail enthusiasm, or as a hedge against a short book…” that are bets a inventory will fall.
Within the case of Opendoor Applied sciences, that inventory is up 430% this yr however has traded in a spread of $0.51 to $10.87 per share. Its retail buyers, generally known as the “Open Army” in response to the Wall Road Journal, have powered shake-ups within the C-Suite and technique strikes for the digital house flipping firm. It isn’t worthwhile.
Ticker Safety Final Change Change % HIMS HIMS & HERS HEALTH INC 58.17 +0.20
+0.35%
QUBT QUANTUM COMPUTING INC 20.82 -1.19
-5.41%
BE BLOOM ENERGY CORP. 87.58 +1.52
+1.77%
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Different shares in MEME embrace Hims & Hers Well being, Quantum Computing and Bloom Power to call just a few.
