Roundhill trims Samsung position this week, adds CXMT

Odaily News - Analyst qinbafrank disclosed that U.S. ETF manager Roundhill made significant adjustments to its DRAM-themed fund this week, reducing its stake in Samsung Electronics while simultaneously buying into ChangXin Memory Technologies (CXMT), marking the first time a Chinese memory chip leader has entered a mainstream U.S. DRAM investment product. On Tuesday and Wednesday of this week, Roundhill cumulatively purchased 65 million shares of CXMT, rapidly lifting CXMT's weight in the DRAM ETF to 2.47%. Meanwhile, Roundhill reduced its Samsung Electronics holdings by approximately 1 million shares per day from Monday to Wednesday, selling a total of 3 million shares over the three-day period.