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A rebound in Mimi shares leads to the return of the Mimi Central Investment Fund
Written by Damian J. Troyes
NEW YORK (AP) — A resurgence Meme stock The interest has led to a return of the comprehensive fund to volatile and exotic investments.
Roundhill Investments launches an ETF, an exchange-traded fund consisting solely of… Meme stock. Many of these stocks have benefited from a wave of investment sentiment this year. The move comes two years after the ETF provider shut down the fund due to low interest. The new fund trades under the symbol “MEME”.
Investors have sporadically turned to meme stocks throughout 2025 in an attempt to find bargains amid an expensive stock market. the Standard & Poor’s 500 It was a busy record-setting year. This has made it difficult for investors to find stocks at lower prices that have growth potential.
“Meme stocks started as a rebellion but have evolved into a revolution,” said Dave Mazza, CEO of Roundhill Investments. “With MEME, we give investors a tool to capture that power through actively managed ETFs that can quickly turn into the stocks that dominate the conversation today.”
The largest weight in the ETF is Opendoor Technologies, which has had a volatile year. The real estate company’s stock was trading at less than $1 a share until early July, then rose above $3 that month when hedge fund manager Eric Jackson touted the stock on X. It fell slightly, then gained more strength and closed above $9 on Tuesday.
Other heavyweights in the index include Plug Power, which focuses on hydrogen fuel cell technology, and data center company Applied Digital.
Meme stocks include companies with seemingly bleak financial prospects, but then gain ground for seemingly no fundamental reason. Stock gains are often promoted through online forums.
Stocks are often the target of “short sellers” or investors who bet against the stock. This sometimes prompts other investors to start buying the stock in an attempt to get people betting against the stock to do the same in order to mitigate their losses. This starts a cycle that boosts the stock price further.
It’s a risky strategy and the gains can evaporate as quickly as they came.
Some of the most popular meme stocks that made big moves earlier this year included donut maker Krispy Kreme, camera maker GoPro, and plant-based meat maker Beyond Meat.
The original Mimi stock is GameStop. In 2021, the company was struggling to survive and major investors were betting against the video game retailer. Investor Keith Gill, known as “Roaring Kitty,” rallied other investors to join him in buying thousands of GameStop shares, turning the stock around.
Originally published:
Meme stock resurgence prompts return of central meme investment fund
