RAM rises as DRAM strength and AI-memory optimism lift leveraged ETF

By: Quiver PriceTracker

Posted: 2 hours ago / Sept. 22, 2026 5:36 p.m. UTC

RAM

Roundhill T-REX 2X Long DRAM Daily Target ETF (RAM) is up 4.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is strength in the underlying memory-chip trade. RAM is designed to deliver 200% of the daily move of the Roundhill Memory ETF, so a gain in DRAM and its major holdings can translate into a larger move in RAM. Ongoing optimism around AI-driven memory demand and firm DRAM pricing also appears to be supporting sentiment.

Details:

RAM’s prospectus says the fund seeks 200% of the daily performance of the Roundhill Memory ETF, which means even a moderate rise in DRAM can produce an outsized move in RAM.

The underlying DRAM ETF was recently up about 3.3% on September 21, 2026, a move that fits with a roughly stronger gain in the leveraged vehicle.

A September 16, 2026 industry market bulletin said AI infrastructure demand was keeping server DRAM conditions tight and legacy DRAM contract prices firm, with the shortage backdrop expected to continue into 2027.

Broader chip trading also improved at the start of the week; Micron gained about 3% in an AI-led market rally on September 21, which likely helped memory-focused products such as DRAM and RAM.

Sources:

SEC, Roundhill Investments, TrendForce, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$RAM Hedge Fund Activity

We have seen 11 institutional investors add shares of $RAM stock to their portfolio, and 0 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JANE STREET GROUP, LLC added 114,330 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,972,580
GOLDMAN SACHS GROUP INC added 75,785 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,970,410
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 51,931 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,350,206
BELVEDERE TRADING LLC added 45,802 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,190,852
SCIENTECH RESEARCH LLC added 15,258 shares (+inf%) to their portfolio in Q2 2026, for an estimated $396,708
APOLLON WEALTH MANAGEMENT, LLC added 10,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $260,000
SIMPLEX TRADING, LLC added 7,909 shares (+inf%) to their portfolio in Q2 2026, for an estimated $205,634

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.