Light Street Capital Management LLC Makes New Investment in Roundhill Memory ETF $DRAM

Light Street Capital Management LLC purchased a new position in shares of Roundhill Memory ETF (BATS:DRAM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 120,000 shares of the ETF’s stock, valued at approximately $8,862,000. Roundhill Memory ETF makes up approximately 1.0% of Light Street Capital Management LLC’s holdings, making the stock its 23rd biggest holding.

Several other institutional investors have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Roundhill Memory ETF during the second quarter valued at $27,000. Strengthening Families & Communities LLC purchased a new stake in Roundhill Memory ETF in the second quarter worth about $70,000. Ameritas Advisory Services LLC bought a new position in Roundhill Memory ETF during the 2nd quarter worth about $171,000. TD Waterhouse Canada Inc. bought a new position in Roundhill Memory ETF during the 2nd quarter worth about $209,000. Finally, OceanIQ Capital LLC purchased a new position in Roundhill Memory ETF during the 2nd quarter valued at about $433,000.

Roundhill Memory ETF Stock Performance

Shares of BATS:DRAM traded up $1.41 during trading hours on Tuesday, hitting $61.10. The company’s stock had a trading volume of 38,818,088 shares, compared to its average volume of 45,669,973. Roundhill Memory ETF has a 52 week low of $26.14 and a 52 week high of $81.34. The company’s fifty day moving average is $56.27.

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.