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Investors add $25B to semiconductor ETFs as DRAM slides 40%
Despite DRAM nearly 40% off its June 22 peak, DRAM and three other major semiconductor ETFs have pulled in a combined $24.7B in under a month, according to Yahoo Finance.
Semiconductor ETF investors have continued to pour cash into the sector even as memory prices weakened sharply, with the Roundhill Memory ETF, known as DRAM, down nearly 40% from its June 22 peak.
Yahoo Finance reports that the DRAM fund fell from 80.72 to an intraday low of 48.64 on Friday, while iShares Semiconductor ETF (SOXX) dropped 24% and VanEck Semiconductor ETF (SMH) slid 20% over the same stretch. The leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) was down 61%.
The outlet says inflows have largely offset the drawdowns. DRAM pulled in $8.8B, SOXX added $8.5B, SOXL gathered $5.1B, and SMH received $2.3B for a combined $24.7B in less than a month.
Yahoo Finance also notes that DRAM still holds assets around $23.4B today, only slightly below a late-June peak of $25.9B, and that the biggest semiconductor names that surged hardest earlier in the year have given back some gains. The pullback has been attributed largely to profit taking after rapid, steep rallies tied to the AI trade.