GameStop Surges and Tracking ETFs Follow

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GameStop (GME) has had their third double-digit day in a row surging up another +12% to around $145 a share. This sudden boost has benefited many ETFs and the three with the most exposure are, the Defiance Digital Revolution ETF (NFTZ) at 5.21%, the Roundhill Meme ETF (MEME) at 3.66%, and the SoFi Social 50 ETF (SFYF) at 3.41%. The iShares Core S&P Mid-Cap ETF (IJH) has less exposure than the three but tops them all in shares held with over 1.77M of GameStop.

ETF Newz Says:

Many investors consider GME to be somewhat of a “meme stock” as its price is somewhat tied to how popular it is at the time as seen with the short-squeeze in 2021 when GME soared over $500 a share.


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