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2X leveraged version of DRAM launched today: RAM
Investor summaryNeutral
Roundhill's new 2x leveraged Memory ETF (RAM) drops nearly 19% on debut ahead of Micron earnings, following DRAM's massive success.
Bull points
- The underlying DRAM ETF has been massively successful, gathering over $22B and doubling in value.
Bear points
- The newly launched 2x leveraged ETF (RAM) dropped nearly 19% on its first day of trading.
Post body
It's down -18.82% thus far but Micron reports earnings in 2 hours.
"After the massive success of the Roundhill Memory ETF (DRAM) – a fund that’s gathered more than $22 billion in less than three months and has more than doubled in value since its April debut – asset manager Roundhill Investments, alongside REX Shares and Tuttle Capital Management, launched a new offering on Wednesday. The Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) is a 2x levered version of DRAM that began trading at around $24 per share."
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