"Risky Business: Investors' Massive Shorting of 12 Meme Stocks Sparks Concern"

Short interest on a dozen meme stocks in the Roundhill Meme Stock ETF is now at a lofty 10% of shares outstanding, which is roughly five times higher than the average short interest on S&P 500 stocks. However, these investors are facing significant losses as meme stocks continue to soar, with the 25 stocks in the meme ETF up an average of 133% this year. Stocks like Carvana, Upstart Holdings, and AMC Entertainment, which have high short interest, have seen substantial gains despite being overvalued and expected to lose money. The risky strategy of shorting meme stocks is proving to be a dangerous game for investors.