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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This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
