Overview
- Roundhill’s Meme Stock ETF bought 970,000 Beyond Meat shares, a roughly 4.03% fund weighting worth about $1.43 million at purchase.
- Beyond Meat’s stock rocketed from about $0.50 to nearly $8 within days, then settled back to the low-$3 range with prints around $2.70–$2.84.
- Retail momentum followed a bullish post by Reddit user Dimitri Semenikhin (Capybara Stocks), who told reporters he had purchased roughly a quarter of the company’s shares.
- Reports cited very high short interest near half of the float, with a short squeeze amplifying the rapid price spike.
- Trading volumes jumped to over two billion shares in a day versus a prior average near 15 million, while the company’s valuation remains far below its 2020 peak of roughly $10 billion.