Tuttle Capital Launches MEMY ETF to Generate Income from Meme Stock Volatility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
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Source: Benzinga
- Innovative ETF Launch: Tuttle Capital Management today unveiled the Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY), which aims to convert the volatility of meme stocks into current income through a rules-based, options-enhanced strategy, marking a new approach to meme stock investment.
- Unique Strategy: MEMY combines economic exposure to a curated basket of 15 to 30 meme stocks with a systematic put-spread program designed to harvest premium while retaining upside potential, avoiding the income caps typical of traditional covered call strategies.
- Market Risk Advisory: Investors should be aware of the inherent risks associated with meme stocks and options strategies, including heightened volatility and liquidity challenges that could impact investment returns and market performance.
- Competitive Landscape Analysis: Tuttle's MEMY ETF is not the only ETF targeting meme stocks, as Roundhill's Roundhill Meme Stock ETF (NYSE:MEME) also relaunched in 2025, reflecting a resurgence in retail trading and increased social media engagement, further fueling investment interest in this theme.
Analyst Views on APLD
Wall Street analysts forecast APLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for APLD is 49.18 USD with a low forecast of 36.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
11 Buy
0 Hold
0 Sell
Strong Buy
Current: 41.350
Low
36.00
Averages
49.18
High
99.00
Current: 41.350
Low
36.00
Averages
49.18
High
99.00
About APLD
Applied Digital Corporation is a designer, builder, and operator of sustainably engineered data centers and colocation services for artificial intelligence, cloud, networking, and blockchain workloads. The Company’s segments include data center hosting (Data Center Hosting Business) and high-performance compute hosting (HPC Hosting Business). The Data Center Hosting Business operates data centers to provide energized space to crypto mining customers. Customer-owned hardware is installed in its facilities, and the Company provides operational and maintenance services for a fixed fee. Its facilities include a 106 megawatt (MW) facility in Jamestown and a 180 MW facility in Ellendale, North Dakota. The HPC Hosting Business designs, builds, and operates data centers which are designed to support high-compute applications using advanced technologies and infrastructures to provide services to customers. Its HPC data center is located at its Polaris Forge 1 campus with 100 MW capacity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
