Finance
Micron earnings are set to send the market on a wild ride
Roundhill Investments, REX Shares, and Tuttle Capital Management launched the Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) on Wednesday.
Roundhill Investments, REX Shares, and Tuttle Capital Management launched the Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) on Wednesday. The new 2x levered fund began trading at around $24 per share, capitalizing on the popularity of Micron Technology and the success of the Roundhill Memory ETF (DRAM), which has gathered over $22 billion in less than three months. The launch comes right as Micron, a $1.2 trillion company, prepares to report earnings, with traders expecting a 10% swing in the stock.
By the numbers
- $22B
- Assets gathered by the Roundhill Memory ETF
- $24
- Starting trading price per share of RAM ETF
- +700%
- One-year rally of Micron Technology stock
- $1.2T
- Market capitalization of Micron Technology
- 10%
- Expected swing in Micron stock around earnings
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