Odaily Planet Daily report: Analyst qinbafrank revealed that U.S. ETF manager Roundhill made significant portfolio adjustments this week to its DRAM-themed fund, reducing its position in Samsung Electronics while simultaneously purchasing shares of CXMT. This marks the first time China’s leading memory manufacturer has been included in a mainstream U.S. DRAM investment product. On Tuesday and Wednesday, Roundhill cumulatively bought 65 million shares of CXMT, causing its weight in the DRAM ETF to rapidly rise to 2.47%. Meanwhile, from Monday to Wednesday, Roundhill sold approximately 1 million shares of Samsung Electronics each day, totaling 3 million shares over the three days.
Roundhill Sells Samsung, Buys CXMT in DRAM ETF Rebalancing
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Summary
ETF news trading came into focus this week as Roundhill, a U.S. ETF manager, rebalanced its DRAM-themed fund by selling shares of Samsung Electronics and purchasing ChangXin Memory Technologies (CXMT). From Monday to Wednesday, Roundhill sold approximately 1 million Samsung shares per day, totaling 3 million. On Tuesday and Wednesday, it bought 65 million CXMT shares, increasing its weighting in the DRAM ETF to 2.47%. This marks the first time a Chinese storage company has been included in a major U.S. DRAM fund. Value investing in crypto and equity markets continues to drive portfolio adjustments.
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