- The convergence of stimulus checks and millions of new retail investors led to a boom in so-called meme stocks this year.
- The movement was led by epic short squeezes in GameStop and AMC Entertainment as investors YOLO'd their stimulus checks.
- These are 10 meme stocks that will be included in the upcoming Roundhill Meme Stock ETF.
The meme stock boom of 2021 that launched left-for-dead stocks like GameStop and AMC Entertainment to record highs has inspired a new ETF that will invest in stocks based on social media activity and high short interest.
The Roundhill Meme Stock ETF, which tracks the Solactive Roundhill Meme Stock Index, will own a basket of 25 highly shorted stocks that have high social media activity and a market capitalization of at least a $1 billion.
The ETF holdings are equally weighted, and the rules-based ETF is rebalanced twice per month.
If approved, the Roundhill MEME ETF will trade on the New York Stock Exchange under the ticker "MEME." The ETF was filed with the SEC over the summer and has yet to be launched, but the underlying index of the ETF went live earlier this month.
These are 10 of the 25 meme stocks that will be owned by the upcoming Roundhill Meme Stock ETF, according to data from the fund's index provider Solactive.
10. Virgin Galactic
Ticker: SPCE
Market Capitalization: $4.2 billion
Year-To-Date Performance: -31.5%
9. SoFi Technologies
Ticker: SOFI
Market Capitalization: $15.0 billion
Year-To-Date Performance: 48.2%
8. Digital World Acquisition
Ticker: DWAC
Market Capitalization: $1.6 billion
Year-To-Date Performance: 329.6%
7. Lucid Group
Ticker: LCID
Market Capitalization: $77.3 billion
Year-To-Date Performance: 450.1%
6. Peloton Interactive
Ticker: PTON
Market Capitalization: $13.8 billion
Year-To-Date Performance: -70.7%
5. Upstart Holdings
Ticker: UPST
Market Capitalization: $19.0 billion
Year-To-Date Performance: 421.5%
4. Roblox
Ticker: RBLX
Market Capitalization: $70.1 billion
Year-To-Date Performance: 86.1%
3. Robinhood Markets
Ticker: HOOD
Market Capitalization: $24.5 billion
Year-To-Date Performance: -22.3%
2. AMC Entertainment
Ticker: AMC
Market Capitalization: $18.7 billion
Year-To-Date Performance: 1,637.7%
1. GameStop
Ticker: GME
Market Capitalization: $14.2 billion
Year-To-Date Performance: 972.2%