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Is it time for an ETF that measures hype?
Measuring the buzz around stocks mentioned in social media is all the rage. Now there’s an exchange-traded fund for that.
The Van Eck Vectors Social Sentiment ETF (BUZZ) selects 75 stocks with the most bullish social media sentiment and packages them into an ETF.
This is essentially a momentum index, but instead of tracking stocks that are moving on price, BUZZ tracks stocks that are getting a lot of social media hype.
The ETF is based on the Buzz NextGen AI U.S. Sentiment Leaders Index. What goes in the…
Source cnbc.com
