When Cap-Weighted Small-Cap Funds Own “Meme” Stocks
May 16, 2021 at 11:30 AM EDT
By Jeff Weniger, CFA, Head of Equity Strategy GameStop may be out of the news cycle, but it is not out of portfolios. The stock was on offer for as little as $3.85 per share last July, before Reddit’s “Wall Street Bets” message board got its hands on the heavily shorted stock, creating a squeeze...