Twitter’s Social Media as an ETF! Wow!

 

“A couple of exchange-traded funds are already tracking social media stocks.

But one soon could be tracking social media itself, according to a recent article in ETF.com.

A company called Market Prophit is currently in discussions with a variety of ETF issuers to make an ETF out of its new index called the Market Prophit Social Media Sentiment Index. This is a long/short smart beta-style index that aims to capture surgically the so-called sentiment factor on Twitter.

The index holds the 25 most-tweeted-about stocks and is reconstituted quarterly but rebalances daily.”

 

Read the full version of this fascinating article at Bloomberg