By Sweta Killa
Meme stocks, once the darling of the stock market last year, have seen a huge resurgence this month. This is especially thanks to easing inflation, a drop in Treasury yields and declining commodity prices that have resulted in risk-on trade. Additionally, attractive valuations drove investors to these stocks .
ETFs in Focus
Roundhill MEME ETF ($ROUNDHILL MEME ETF(MEME)$ )
Roundhill MEME ETF is the first ETF globally explicitly designed to track the performance of meme stocks. It follows the Solactive Roundhill Meme Stock Index and holds 26 stocks in its basket, with none making up for more than 5.1% share.
Roundhill MEME ETF has gathered $1.2 million in its AUM since its inception in December 2021. It charges 69 bps in annual fees.
VanEck Social Sentiment ETF ($VanEck Vectors Social Sentiment ETF(BUZZ)$ )
VanEck Social Sentiment ETF offers exposure to 75 large-cap U.S. stocks, which exhibit the highest degree of positive investor sentiment and bullish perception based on content aggregated from online sources, including social media, news articles, blog posts and other alternative datasets. This is easily done by tracking the BUZZ NextGen AI US Sentiment Leaders Index.
VanEck Social Sentiment ETF has amassed $88.5 million in its asset base while charging 75 bps in annual fees.
SoFi Social 50 ETF ($SoFi Social 50 ETF(SFYF)$ )
SoFi Social 50 ETF follows the SoFi Social 50 Index and is composed of the top 50 most widely held U.S. listed stocks on SoFi $SoFi Technologies Inc.(SOFI)$Invest, where the companies are measured by the number of accounts that invest in that stock. Consumer cyclical is the top sector accounting for 37.2% while communications (26.2%), and technology (22.6%) round off the next two spots.
SoFi Social 50 ETF has amassed $18.5 million in its asset base and charges 29 bps in annual fees.
Resource: FinanceYahoo
Comments