A new exchange traded fund offers investors the chance to own a basket of companies that are considered “meme stocks.” Here’s the details and holdings on the new Roundhill MEME ETF. Roundhill MEME ETF The ETF was launched as the first ETF explicitly designed to track the performance of meme stocks, MEME will rebalance on a biweekly basis. The ETF will be based on the Solactive Roundhill Meme Stock Index, which holds 25 equal-weighted U.S-listed stocks. The holdings in the index and ETF are based on “elevated social media activity and high short interest.” Data for social media activity and short interest will be provided by third-party data providers, Roundhill said. The fund, which has an expense ratio of 0.69 percent, could experience higher volatility than other ETFs, the company said. Why Meme Stocks Roundhill launched a meme-themed fund due to the rise in commission-free trading and retail trading volume …