🔴 DRAM 2X ETF (RAM) is trading 3.26% down in pre-market after profit-taking following three consecutive gains

RAM is trading at $13.93 (-3.26%) in pre-market as profit-taking follows three consecutive gains.

• RAM gained 6.67% on September 21, 6.13% on September 18, and 8.81% on September 17.
• The broader memory backdrop remains bullish: South Korean semiconductor exports surged, while AI-driven HBM and server-DRAM demand continues to outpace supply.
• Slightly softer equity futures and leveraged volatility may be adding pressure, rather than a new negative semiconductor catalyst.