Meme stock resurgence prompts return of central meme investment fund

Core Insights - A resurgence in meme stock interest has led to the launch of a new meme ETF by Roundhill Investments, trading under the symbol "MEME" [1] - The S&P 500 has been setting records in 2025, making it challenging for investors to find lower-priced stocks with growth potential [2] - The ETF is actively managed and aims to quickly rotate into stocks that are currently popular in discussions [3] Fund Composition - The largest holding in the ETF is Opendoor Technologies, which has experienced significant price volatility, trading below $1 in early July and closing above $9 recently [3] - Other notable stocks in the ETF include Plug Power, focused on hydrogen fuel cell technology, and Applied Digital, a data center company [4] Meme Stock Characteristics - Meme stocks are characterized by poor financial prospects that can suddenly gain value without fundamental reasons, often driven by online forums [4] - These stocks are frequently targeted by short sellers, which can create a cycle of buying that drives prices higher [5] Notable Meme Stocks - Earlier in the year, notable meme stocks included Krispy Kreme, GoPro, and Beyond Meat, with GameStop being the original meme stock that gained notoriety in 2021 [6]