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Follow Dave Portnoy & Reddit Rebellion with These ETFs

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  • (2:45) - What Has Changed Between BUZ & BUZZ?
  • (6:00) - BUZZ NextGen AI US Sentiment Leaders Index
  • (14:05) - How Does The AI Measure Sentiment?
  • (24:00) - Breaking Down The Top Holdings For BUZZ
  • (28:20) - What Role Does Dave Portnoy Play?
  • (32:30) - The Importance of An ETF Built Around FOMO: How Do You Track It?
  • (40:20) - Why Should Investors Pay Attention To These Trends vs. Fundamentals?
  • (45:00) - Tuttle Fat Tail Risk ETF
  •                Podcast@Zacks.com

 

In this episode of ETF Spotlight, we focus on the rise of retail trading, which is one of biggest stories in markets lately. Coronavirus lockdowns, commission-free and easy trading on apps, and some extra money from stimulus led to a surge in retail trading. 

As retail traders have shown the ability to move stocks, many institutional investors want to follow their trades and use in their own trading models. My first guest is Jamie Wise, founder of Buzz Holdings and index provider for the VanEck Vectors Social Sentiment ETF (BUZZ - Free Report) .

In the second part, I’m joined by Matthew Tuttle, CEO, of Tuttle Capital Management. They filed for a FOMO ETF recently, which will invest in securities that reflect current or emerging trends.

BUZZ holds 75 large cap stocks that exhibit the highest degree of positive investor sentiment. It uses AI to aggregate content from online sources including social media, news articles and blog posts. The ETF, which was promoted by Barstool Sports founder Dave Portnoy, has gathered  more than $400 millions in assets within three weeks of its launch.

Amazon (AMZN - Free Report) , Apple (AAPL - Free Report) , Novavax (NVAX - Free Report) , Boeing (BA - Free Report) and AMD (AMD - Free Report) are the top holdings in BUZZ. GameStop (GME - Free Report) is not included in the portfolio as failed to meet the index criteria at the time of last rebalancing.

The Fear of Missing Out ETF (FOMO), which is expected to launch in May, will invest in stocks, ETFs, derivatives and volatility products. The actively managed ETF will select its holdings based on a proprietary tactical model.

Tune into the podcast to learn more about these ETFs. Make sure to be on the lookout for the next edition of ETF Spotlight! If you have any comments or questions, please email podcast@zacks.com.

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