Video Games ETF (NERD) Hits New 52-Week High
Roundhill Video Games ETF NERD is probably on the radar for investors seeking momentum. The fund just hit a 52-week high and moved up 67.6% from its 52-week low price of $16.71/share.
Are more gains in store for this ETF? Let us take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed.
NERD in Focus
The underlying Nasdaq CTA Global Video Games Software Index looks to follow the performance of exchange-listed companies engaged in video game publishing and video game development. The product charges 50 bps in annual fees.
Why the Move?
AppLovin Corp APP shares gained 11.6% on Sept. 8, 2025 as the stock is about to enter the S&P 500. The company would join the index on September 22. The ETF NERD invests about 12% of its weight in AppLovin stock, pushing the ETF higher on Sept. 8, 2025.
More Gains Ahead?
The ETF NERD might continue its strong performance in the near term, with a positive weighted alpha of 62.81, which gives cues of a further rally.
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Roundhill Video Games ETF (NERD): ETF Research Reports
This article originally published on Zacks Investment Research (zacks.com).
Source Zacks-com
