The Roundhill Memory ETF (BATS:DRAM) has become one of the fastest launches in history, helped by the ongoing demand for companies in the memory chip industry.
DRAM has already jumped by over 80% since its launch in April, with its Assets Under Management (AUM) hitting $6.25 billion. This is a big milestone for an ETF with an expense ratio of 0.68%.
DRAM ETF Gains Momentum Amid Sandisk, Micron, Seagate Boom
The Roundhill Memory ETF aims to give investors access to the biggest players in the memory chip industry. It is a highly concentrated fund with just 13 companies, with Micron (NASDAQ:MU) having the biggest share.
The other top companies in the fund are South Korea’s SK Hynix, Sandisk, Kioxia, Seagate, and Western Digital. All these are some of the top gainers in the equities market in the past few months.
Sandisk stock has jumped by 540% this year and by 4,367% in the last 12 months. It has soared by 100% in the last one month.
Similarly, Seagate Technology (STX) …
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