For investors seeking momentum, BUZZ US Sentiment Leaders ETF (BUZ - Free Report) is probably on radar now. The fund just hit a 52-week high and is up more than 33% from its 52-week low price of $27.89/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
BUZ in Focus
This fund targets the most frequently mentioned stocks across the social media landscape. It is well diversified across 78 securities, with none accounting for more than 3.62% of assets. The ETF charges 75 basis points in annual fees (see: all the Large Cap ETFs here).
Why the Move?
The social media corner of the broad equity market has been an area to watch lately given the football fervor. The FIFA World Cup is a money-spinner for social media networks, attracting billions of revenues in a month. Social media will play a vital role in viewing the real-time World Cup matches and sharing the favorite moments. The soccer tournament will also create heavy traffic for news and sports sites, and extra searches that would lift broad online advertising revenues.
More Gains Ahead?
It seems that BUZ might remain strong given a high weighted alpha of 33.60% and a low 20-day volatility of 8.40%. As a result, there is definitely still some promise for investors who want to ride on this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>