ETFs that track meme stocks have been surging, as 'animal spirits' return to markets

Tue, 11/21/2023 - 12:42

Traders on Reddit and other internet forums famously pushed up the price of meme stocks to dizzying highs at the start of the pandemic.
SOPA Images/Contributor

Meme stocks have been on the rise recently as November's market rally brings a wave of bullishness.
A handful of meme-stock ETFs have beat the S&P 500 over the last trading week.
Still, the ETFs have fallen much further from all-time highs than the S&P 500.

The meme-stock boom of 2021 has waxed and waned since the pandemic heyday, and the latest rally in the market is bringing the speculative bets back into focus as investors chase the year-end equity rally.