
EU DRAM (Defiance Memory UCITS ETF) deviating from its holdings price action
At the time I'm making this post (was around 5 PM GMT+2):
Kioxia +12%
MU +2.5%
SNDK +2.8%
SK hynix -3.4%
WD +8.8%
Samsung +2.8%
STX +6%
FRK FTSE Korea -0.8%
RMBS +6.3%
SIMO +11.6%
PENG +12.2%
Simple math: ETF should be up ~3.9% but it is red (closed at -0.88%)
US DRAM ETF, which is 75% MU, Samsung, SK hynix, is up 6.7%
Can someone please ELI5 why?