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

Bears Miss Opportunity With Social Media ETF

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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...


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