Barstool’s Dave Portnoy touts new ETF investment fund that tracks social media chatterMarch 3, 2021 0 By boss
Barstool Sports founder Dave Portnoy tweets regularly about his daily stock trades and was very active during the recent. Now he’s introducing his own exchange-traded fund (ETF) that uses to determine what stocks to trade based on positive online posts, he said Tuesday.
The VanEck Vectors Social Sentiment ETF, or BUZZ as it’ll be referred to on the New York Stock Exchange, is set to launch March 4. It’ll hold stock in 75 companies, which have a market cap of $5 billion, and it’ll rotate these stocks based on social media posts, news articles and blogs.
Portnoy tweeted a video Wednesday saying the ETF started up five years ago and has outperformed the S&P 500 by 42%.
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