Short Interest in Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY) Declines By 82.6%

Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 1,083 shares, a drop of 82.6% from the July 15th total of 6,210 shares. Based on an average trading volume of 2,161 shares, the short-interest ratio is currently 0.5 days.

Tuttle Capital Meme Stock Income Blast ETF Stock Performance

BATS:MEMY opened at $17.79 on Thursday. Tuttle Capital Meme Stock Income Blast ETF has a 52-week low of $16.49 and a 52-week high of $25.91. The company’s fifty day moving average is $19.78.

Tuttle Capital Meme Stock Income Blast ETF (BATS: MEMY) is an exchange-traded fund managed by Tuttle Capital Management and listed on the Cboe BATS exchange. The fund’s name and positioning indicate a focus on providing investors with exposure to equities associated with the retail-driven “meme stock” phenomenon while incorporating an income-oriented investment approach.

The ETF is designed to offer thematic exposure to companies that have attracted elevated retail investor interest and trading activity, paired with strategies intended to generate income for shareholders.