BUZZ VanEck Vectors Social Sentiment ETF
VanEck Global launched an ETF in early March that trawls through social media and other internet postings to glean nuggets about the stocks investors are trading, looking to find those that are the subject of sustained positive investor interest.
The VanEck Vectors Social Sentiment ETF (BUZZ) tracks an index that covers the 75 stocks that have the highest “positive insight scores” while meeting size and liquidity requirements. BUZZ comes with an expense ratio of 0.75% and lists on the NYSE Arca.
BUZZ’s index pulls data from a wide range of sources, including social media, news articles and blog posts, among other venues, and uses natural language processing to determine the nature of the sentiment. From there, stocks are scored and ranked based on how positive the sentiment around them is and how much they appear in the surveyed sources, according to a fact sheet.
Companies must have a market capitalization of at least $5 billion and have a three-month average daily trading volume of at least $1 million, while meeting a minimum threshold for online mentions. The top 75 stocks meeting those parameters are selected for inclusion in the index, with updates occurring on a monthly basis, the prospectus says.
Source: ETF.com. Data and information as of 3/31/2021.
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