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Portnoy announced a new ETF focused on stocks with high levels of social media engagement, nicknamed BUZZ, to begin trading Thursday. The ETF, formally named the VanEck Social Sentiment ETF, will trade under the ticker BUZZ. The fund uses algorithms to track social media and news, buying the top 75 large cap stocks viewed as being discussed ‘most favorably’ by the algorithm.
The announcement of the social media focused investment fund came suitably enough, on Portnoy’s Twitter feed. “A new ETF that I am a part of, I am putting my face behind, my reputation behind,” he said in the announcement.
https://sports.yahoo.com/barstool-portnoy-touts-buzz-focused-182943312.html
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