Roundhill Memory ETF (BATS:DRAM) Short Interest Down 56.5% in August

Roundhill Memory ETF (BATS:DRAM) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 9,715,176 shares, a drop of 56.5% from the July 30th total of 22,317,695 shares. Based on an average daily volume of 52,842,830 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Roundhill Memory ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Comprehensive Financial Planning Inc. PA bought a new position in Roundhill Memory ETF in the 2nd quarter valued at approximately $27,000. Strengthening Families & Communities LLC purchased a new stake in Roundhill Memory ETF during the 2nd quarter valued at $70,000. Ameritas Advisory Services LLC bought a new stake in shares of Roundhill Memory ETF in the 2nd quarter worth $171,000. TD Waterhouse Canada Inc. purchased a new position in shares of Roundhill Memory ETF in the second quarter worth $209,000. Finally, OceanIQ Capital LLC purchased a new position in shares of Roundhill Memory ETF in the second quarter worth $433,000.

Roundhill Memory ETF Price Performance

Shares of Roundhill Memory ETF stock opened at $55.83 on Friday. The business has a 50-day moving average price of $58.46. Roundhill Memory ETF has a 52-week low of $26.14 and a 52-week 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.