![]() ![]() American Airlines Group (NASDAQ: AAL): 2.Advanced Micro Devices (NASDAQ: AMD): 2.9%. ![]() Here is a look at the current top holdings in the index: Top Holdings: The BUZZ Index has a list of holdings on its website. Portnoy owns stock in Penn National Gaming (NASDAQ: PENN), which has a big stake in Barstool Sports. ![]() Portnoy is one of the top influencers on the internet with over 2.3 million followers on Twitter and an active following from Barstool Sports fans. “If you don’t adapt, you die,” Portnoy said. The rise in stocks like GameStop Corp (NYSE: GME) has sent retail traders to search sites for trade ideas based on what the majority of traders are getting into. The fund could see strong interest from retail traders looking to invest in the stocks that are favored positively by users on Twitter and Reddit. The BUZZ index has outperformed the S&P 500 since the index launched in 2015 according to the fund’s Twitter account. The algorithm behind the ETF beat the S&P 500 by 42% in 2020, Portnoy said. We have City specific sites in Boston, New York, Chicago, Philly, and a College site at BarstoolU.We also run a nationwide concert tour. The fund will be “constantly rotating” its positions, suggesting BUZZ will be an active ETF. I am Dave Portnoy Owner and Founder of, the largest independently owned sports and humor blog on the internet. He said he was approached by the team behind the fund. Why It’s Important: The algorithm for the ETF was created five years ago, according to Portnoy. Related Link: Dave Portnoy Joins Benzinga’s Power Hour To Talk GameStop, Robinhood And More A basket of 75 stocks will be ranked each month using the algorithm.Įmergency Press Conference - Introducing $BUZZ ETF /sgTc4MUS8e The index behind the ETF will use artificial intelligence to monitor over 15 million online posts a month. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |