Portnoy-Backed ETF Sees Third-Highest Volume Ever in a Debut
- About $438 million worth of shares changed hands in first day
- BUZZ tracks index that searches for most-favored stocks online
This article is for subscribers only.
A new exchange-traded fund seeking to ride the companies most loved by investors online has found plenty of its own positive sentiment in its first day of trading.
About $438 million worth of shares in the VanEck Vectors Social Sentiment ETF (ticker BUZZ) changed hands on Thursday, making it the third best ETF debut on record, according to data compiled by Bloomberg.