Roundhill made a notable portfolio shift in its DRAM-themed fund this week, according to analyst qinbafrank. The U.S. ETF manager reduced its Samsung Electronics position while building a new stake in ChangXin Memory Technologies, or CXMT. On Tuesday and Wednesday, Roundhill bought a combined 65 million shares of CXMT, quickly lifting the company’s weight in the DRAM ETF to 2.47%. Over the same rebalancing window, Roundhill cut about 1 million Samsung Electronics shares per day from Monday through Wednesday, for a total of 3 million shares sold. The move also marks the first time that China’s leading memory company has entered a mainstream U.S.-listed DRAM investment product.
Roundhill rebalanced its DRAM-themed fund this week by cutting Samsung Electronics and adding ChangXin Memory Technologies, according to analyst qinbafrank.
The change means China’s leading memory company has entered a mainstream U.S.-listed DRAM investment product for the first time.
Details of the week’s rebalance
On Tuesday and Wednesday, Roundhill bought a combined 65 million shares of CXMT, pushing the company’s weight in the DRAM ETF up to 2.47%.
At the same time, Roundhill sold about 1 million Samsung Electronics shares per day from Monday through Wednesday, bringing the three-day total to 3 million shares.
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