VanEck will pay US$1.75 million ($2.7m) to settle a case brought by the Securities and Exchange Commission, which alleged the investment manager failed to disclose the involvement of an influencer in the launch of an ETF in 2021.
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BUZZ ETF is tracking the price and yield performance of the BUZZ NextGen AI US Sentiment Leaders Index. It includes 75 US stocks with the largest market cap and the highest degree of positive investor sentiment.
On Thursday, March 4, the VanEck Vectors Social Sentiment ETF (or BUZZ ETF) started trading on the New York Stock Exchange (NYSE). In its trading debut, BUZZ ETF dropped by 3.4%. As of 11:05 a.m. ET, BUZZ traded at $23.61. Currently, its price totals $23.52 per share.
What Is BUZZ ETF?
VanEck Vectors Social Sentiment ETF (BUZZ ETF) is tracking the price and yield performance of the BUZZ NextGen AI US Sentiment Leaders Index (BUZZTR). It includes 75 US stocks with the largest market cap which exhibit the highest degree of positive investor sentiment and bullish perception. The selection of stocks was based on content aggregated from online sources including social media, news articles, blog posts, as well as other alternat
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 index is based on an initial list of stocks that meet two criteria: those with a $5 billion minimum market capitalization and getting consistent and diverse mentions on social media over the past year. The 250-350 stocks that meet that initial criteria are ranked each month from highest sentiment to lowest, with the top 75 going in the index.
Thu, 4 March 2021 | Written By: Alec Malloy
Alec Malloy is a content writer with over 7 years’ experience spanning a range of commercial sectors.
What is the BUZZ ETF?
The investment world is buzzing about today’s release of the new BUZZ ETF – a fund that might be a potential gamechanger in the way exchange traded funds are put together.
The BUZZ ETF
BUZZ is the ticker for the VanEck Social Sentiment ETF, a new fund debuting on the NYSE today. BUZZ will invest in 75 stocks that are receiving the most positive sentiment on the internet, cleverly using artificial intelligence to crawl the web for mentions and praise for the companies within. All companies listed in the
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