If you thought a memory chip ETF wasn’t enough, Wall Street has a lever for that now. The Roundhill T-REX 2X Long DRAM Daily Target ETF, trading under the ticker $RAM, began trading on June 24 on the Cboe BZX exchange.
The product is a joint effort between Rex Shares, operating through its T-REX venture with Tuttle Capital Management, and Roundhill Investments. Its goal is straightforward: deliver 200% of the daily performance of the Roundhill Memory ETF ($DRAM).
What $RAM actually does
The $RAM ETF is a leveraged daily-target fund, meaning it resets every trading day to hit that 2x objective. If $DRAM goes up 3% on a Tuesday, $RAM aims to go up 6%. If $DRAM drops 3% on Wednesday, $RAM targets a 6% loss.
The fund carries a gross expense ratio of 1.50% and a net expense ratio of 1.25%.
