PRAM - ETF Series Solutions - Defiance Memory & Photonics ETF
PRAM focuses on AI demand by targeting its supply chain, including companies in the memory and photonics sectors. These companies store data and help move data rapidly between chips, servers, and data centers using light. The index includes equity securities globally, with the following business exposure: data storage drives and peripherals, semiconductors, including flash memory, volatile memory, networking, RF analog and mixed signal, and other memory semiconductors, and optoelectronics electronic components.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $227,399
- Beta
- 0.00
- 52-Week Range
- 22.7-30.4
- Dividend Yield
- $0.02
- IPO Date
- Aug 27, 2026
- Exchange
- CBOE
PRAM Options Snapshot
Options pricing data for PRAM is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The PRAM overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
PRAM fund facts: expense ratio 0.65%, assets under management $8.3M, NAV $26.73 as of the data source's update on Oct 8, 2026, 3 holdings in its latest file, launched Aug 26, 2026, issued by Defiance. See the PRAM holdings.
Frequently asked PRAM overview questions
- What is PRAM?
- PRAM is the ticker symbol for ETF Series Solutions - Defiance Memory & Photonics ETF, an listed exchange-traded fund. PRAM focuses on AI demand by targeting its supply chain, including companies in the memory and photonics sectors. These companies store data and help move data rapidly between chips, servers, and data centers using light. Listed on CBOE. PRAM is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are PRAM's key statistics?
- ETF Series Solutions - Defiance Memory & Photonics ETF (PRAM) carries a market capitalization of $227,399, 52-week range of 22.7-30.4. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does PRAM belong to?
- ETF Series Solutions - Defiance Memory & Photonics ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare PRAM's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the PRAM data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for PRAM, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.