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.
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