Roundhill to shut MEME ETF due to flagging investor interest

Roundhill Investments announced the closure of its exchange-traded fund tracking the performance of meme stocks nearly two years after its launch, putting another nail in the coffin of the popular pandemic-era trade. The Roundhill MEME ETF, with net assets of just $2.7 million, consists of companies that exhibit a combination of elevated social media activity and high short interest, according to Roundhill's website. In an email to Reuters, Roundhill Financial said they recommended to the Board of Trustees to close the fund "due to limited investor interest and trading volume".