Notable companies
The most notable companies in this group are Seagate Technology Holdings PLC (NASDAQ:STX), Western Digital Corp (NASDAQ:WDC).
Industry description
The investment seeks to provide capital appreciation.
The fund will generally seek to invest primarily in the equity securities of “Memory Companies,” but may also seek exposure to Memory Companies through derivative instruments, such as swap agreements and forward contracts. Under normal circumstances, it invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities or instruments (i.e., swap agreements or forward contracts) that provide exposure to Memory Companies. The fund is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Roundhill Memory ETF ETF was 13%. For the same ETF, the average monthly price growth was -0%, and the average quarterly price growth was 0%. STX experienced the highest price growth at 20%, while WDC experienced the biggest fall at 17%.