RAM is trading 20.7% down today as a sharp selloff in the memory-chip sector is amplified by the fund's 2x leveraged structure.
- DRAM and NAND stocks are under pressure following fears of increased Chinese competition and concerns over stretched valuations.
- Major underlying holdings including Micron, Samsung, and SK Hynix are seeing heavy losses, dragging down the performance of the base Roundhill Memory ETF.