What Is the MEME ETF?

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With more investors looking to get in on the 'meme stock' phenomenon, Roundhill Financial has introduced an exchange-traded fund, or ETF, that tracks stocks that are trending on social media platforms.

The MEME ETF, still awaiting regulatory approval, will trade under the ticker 'MEME' on the New York Stock Exchange.

The ETF will rebalance its assets every two weeks based on the holdings' social media scores and levels of short interest.

Roundhill's MEME ETF follows in the footsteps of Dave Portnoy-backed Van Eck Vectors Social Sentiment ETF (BUZZ) - Get VanEck Vectors Social Sentiment ETF Report and Tuttle Capital Management's FOMO.

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