$Buzz ETF Price

Coming to the market this week and becomes rising immediately, The ETF that be known as a new exchange-traded fund basing its strategy on social media chatter for popular stocks.

 

And it will begin trading on the New York Stock Exchange (NYSE) under the ticker call BUZZ.


This already available was on Thursday, March 4th, 2021.


BUZZ itself was getting some attention after Dave Portnoy – founder of Barstool Sports’ – promoted it on social media.


And then they are reportedly positive on the internet, especially on many famous social media such as Twitter, Facebook, Reddit, and more.


Through that social media and also mobile technology, it seems that The ETF thinks that those ways will make great impact and can fundamentally change the way they engage with stocks.


And because of those reasons – online chatter everyday – The ETF changes their collective views and sentiment so it can make clearly impact for their value.


So, they are using the index strategy and an algorithm to build their 75 large-cap stocks names around.


And the market cap itself will base on their positive social media sentiment. 


Of course, this BUZZ method is different from typical ETF like before.


But surprisingly, this new ETF can attract investors more once it begins trading.


According to www.fool.com/investing/2021/03/02/new-etf-buzz-launches-with-focus-on-trending-inter/ site, there are some companies that listed on the BUZZ index.


Those companies are like Twitter (NYSE:TWTR), Ford (NYSE:F), Facebook (NASDAQ:FB), DraftKings (NASDAQ:DKNG), and Amazon (NASDAQ:AMZN).


And based on what The Street said on their www.thestreet.com/investing/dave-portnoy-backed-buzz-etf-debuts-jim-cramer-watching website, each of The Buzz ETF has a minimum market cap of $5 billion USD.


For your information, The ETF itself was marked at 1.11% lower at 24.13 USD in early trading on Thursday.


And Twitter shares that the largest allocation in The ETF at 3.52%, and were marked at 1.5% lower in at 69.70 USD.


Those values have risen more than 77% for over the past six months.


Moreover, other holdings from other companies for ETF such as Facebook, report at 3% of total holding, Apple at 2.9%, Amazon at 2.94%, and Tesla report at 2.75%.


Furthermore, according to robinhood.com/stocks/BUZZ portal, today VanEck Vector Social Sentiment ETF is around $23.12.


The price of BUZZ is open at $24.40 while the high today at $24.97 and the low today at $22.97.


On this website, you can buy BUZZ with market price at $23.12.


Just open the site of robinhood.com and sign up to buy your BUZZ.