Meme we go again! Wall Street pros fuel latest meme-stock rally

New data shows weak demand for retail-trader faves, according to a firm that tracks retail flows in the United States.

Wall Street pros are stepping in to fuel the latest bout of meme-stock volatility amid signs of individual investor fatigue. That’s according to data compiled by Vanda Research, a firm that tracks retail flows in the U.S., which showed weak demand for retail-trader favorites after basket of 37 of those companies posted their biggest gains since June on Tuesday. Stocks preferred by day traders soared 10% Tuesday, the most since early June as trading volumes accelerated. Long-short hedge funds that are quick to dump bearish bets were likely among drivers for Tuesday’s strength in stocks that have high levels of short interest, Vanda said in a report.