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Barstool's Portnoy backs new BUZZ ETF

09:29pm, Wednesday, 03'rd Mar 2021
The fund uses artificial intelligence to track the the top 75 large-cap stocks each month based on positive social media chatter.
Dave Portnoy is promoting a new exchange-traded fund (ETF) focused on stocks with positive shareholder sentiment that is set to debut Thursday on the New York Stock Exchange.
Josh Brown, Ritholtz wealth management, says he isn't buying the ETF BUZZ, which tracks meme stocks. "It would be really interesting to watch whether or not this thing attracts flows," Brown said.
A new ETF that tracks an index ranking the top 75 stocks each month that display the highest degree of "positive investor sentiment" as gauged by the monitoring of 15 million online posts will begin t
Barstool Sports founder Dave Portnoy tweeted an elaborately produced “emergency press conference” video to debut the ETF. The stunt was also an uncomfortable reminder that one man's meta meme may
Companies such as GameStop Corp (NYSE:GME) and Rocket Companies Inc (NYSE:RKT) that benefit/suffer from being tagged as 'meme stocks' could be given a further lift with the launch of a new exchange-t
There's rising interest this week in a new ETF that is basing its strategy on following social media chatter on popular stocks.
An ETF that's backed in part by Dave Portnoy, self-proclaimed head of the hordes of retail investors who have upended markets in recent weeks, raises questions about market manipulation.
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