Share:
Jamie Wise, founder of BUZZ Holdings and president and CEO of Periscope Capital, recently joined Benzinga’s The ETF Show. Wise discussed the new
VanEck Vectors Social Sentiment ETF (NYSE: BUZZ), which began trading on March 4.
What Is BUZZ? The BUZZ ETF holds 75 stocks with at least a $5 billion market cap that are generating the most social media mentions. The ETF made headlines when influential Barstool Sports Founder Dave Portnoy announced his involvement.
The BUZZ ETF is new, but it s based on the Buzz NextGen AI U.S. Sentiment Leaders Index, which has been around since 2015.
“We look back over a rolling four-quarter period,” Wise said. “We want to identify sentiment shifts from a universe of stocks that are being talked about consistently day-in, day-out regardless of news flow, regardless of an earnings release.”
Author Bio
Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market.
Follow @tmfbowman
If you just opened up a new account on Robinhood or another stock trading app, congratulations. You ve taken the first step on what s hopefully a lifelong journey of saving money and generating wealth.
In the wake of a massive short squeeze executed by traders on Reddit s Wall Street Bets forum, new investing accounts appear to be surging. According to data from Semrush, a digital marketing platform, searches for trading apps have nearly tripled in the last few days as the sudden surge of
After the close of trading Robinhood CEO Vlad Tenev, on Twitter, acknowledged, the unprecedented attention the move garnered, but also noted the firm will resume some trading in these names on Friday.
“I want to thank everyone for their patience and support. While today’s developments are not new, they are never easy.” he said. Starting tomorrow, we plan to allow limited buys of these securities. We ll continue to monitor the situation and make adjustments as needed.
The chain of events on Thursday may make some sense if you look at the profit and loss some of these battered stocks produce. Retail investors have made a lot of money buying and selling and Thursday’s action also produced heavy losses as well. That s how free markets work.