Here are the ETFs that hold AMC stock and GameStop stock

Scared of the volatility in meme stocks, many investors would want to stay away from the likes of AMC Entertainment Holdings Inc (NYSE: AMC) and GameStop Corp (NYSE: GME). But they might still be exposed to these.

Investors might put their money in the ETFs that include one or more of the meme stocks. For example, AMC and GameStop are two of the largest components of the IWM Russell 2000 ETF. Furthermore, XRT’s (largest retail ETF) 49% gain in 2021 to date is also largely attributed to GME.

Nancy Tengler’s comments on CNBC’s “Trading Nation”

The meme stocks sure helped several ETFs outperform in recent months. But the associated volatility also makes them riskier. According to Laffer Tengler Investments’ chief investment officer Nancy Tengler, AMC poses a risk that massively beats the reward. On CNBC’s “Trading Nation”, she said:

AMC shares are currently about 4% down on the intraday chart. The stock is exchanging hands at $55.32 per share (£39.08 per share) that gives the theatre chain a market cap of $27.62 billion. GME, on the other hand, is up 3% on Tuesday.

Oppenheimer’s Ari Wald is positive about the Russell 2000

In the past week, the Russell 2000 gained 1.8% versus an under 1.0% gain in the benchmark S&P 500 index. It has also outperformed the large-cap index in 2021 to date. According to Oppenheimer’s head of technical analysis, Ari Wald, the Russell 2000 will continue its upward trend and rebalancing on 25^th June will cut some of the risk as well. In the same interview with CNBC, Wald said: