Actionable news
All posts from Actionable news
Actionable news in SOCL: Global X Social Media Index ETF,

Bears Miss Opportunity With Social Media ETF

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

Global X Funds Global X Social Media Index ETF NASDAQ:SOCL, Facebook, Inc. NASDAQ:FB - Bears Miss Opportunity With Social Media ETF

The Global X Social Media ETF SOCL 0.49% is down 13.2 percent this year, a decline that might imply short interest in the dedicated social media exchange traded fund and its nearly 30 holdings is on the rise.

SOCL's top 10 holdings, a group that combines for about 70 percent of the ETF's weight, reads like a graveyard of Internet and social media stocks. It is reasonable to surmise that if not for the 3.1 percent year-to-date gain posted by Facebook Inc FB 2.65%, SOCL's largest holding at a...