Light Street Capital Management LLC Acquires Shares of 120,000 Roundhill Memory ETF $DRAM

Light Street Capital Management LLC bought a new position in Roundhill Memory ETF (BATS:DRAM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 120,000 shares of the ETF’s stock, valued at approximately $8,862,000. Roundhill Memory ETF accounts for about 1.0% of Light Street Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Members Advisory Group LLC purchased a new stake in shares of Roundhill Memory ETF during the second quarter valued at $13,919,000. FirstWave Capital Management LLC purchased a new position in Roundhill Memory ETF in the 2nd quarter worth about $3,682,000. Wedbush Securities Inc. purchased a new position in Roundhill Memory ETF in the 2nd quarter worth about $2,758,000. SMART Wealth LLC bought a new stake in Roundhill Memory ETF during the 2nd quarter valued at about $2,064,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Roundhill Memory ETF during the 2nd quarter valued at about $1,540,000.

Roundhill Memory ETF Price Performance

Roundhill Memory ETF stock traded up $1.41 during trading hours on Tuesday, hitting $61.10. The company had a trading volume of 38,818,088 shares, compared to its average volume of 45,669,973. The business’s 50-day simple moving average is $56.27. Roundhill Memory ETF has a 1 year low of $26.14 and a 1 year high of $81.34.

Roundhill Memory ETF (BATS: DRAM) is an exchange-traded fund offered by Roundhill Investments that provides targeted exposure to the memory semiconductor industry. Listed on the Cboe BZX Exchange under the ticker DRAM, the fund is intended to give investors access to companies whose primary business activities are connected to memory chips and related technologies.

The fund focuses on firms operating across the memory semiconductor supply chain, including companies involved in design and development of DRAM and NAND memory, wafer fabrication, packaging and testing, and the manufacture of semiconductor capital equipment and materials.