Barstool Sports Founder Dave Portnoy Backs ETF That Tracks Social Media Engagement

BUZZ uses artificial intelligence to decide what to trade.

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Barstool Sports founder and notorious One Bite pizza reviewer Dave Portnoy recently introduced announced an exchange-traded fund (ETF) that he has taken a percentage ownership stake in. Since the start of the Coronavirus, the outspoken figure has become a trusted trader under his “Davey Day Trader” persona. His daily trading livestreams on Twitter gave rise to Davey Day Trader Global (DDTG) which has now lead to Portnoy backing a unique ETF.

Hitting the New York Stock Exchange this week at a price of $24.40 USD, VanEck Vectors Social Sentiment ETF, or BUZZ, is an innovative fund that uses artificial intelligence to monitor positive sentiments on social media. Crawling through social media engagement, BUZZ creates a ranking of the top 75 stocks every month to feature in the BUZZ NextGen AI US Sentiment Leaders Index™ to serve as a dynamic ETF that accurately reacts to popular opinion.

In Dave Portnoy’s water cooler “press conference” announcing the official public launch of BUZZ, which was started five years ago, he noted that the ETF outperformed the S&P 500 by 40 percent in 2020. Currently, BUZZ has a market capitalization of $5 billion USD and its top holdings are in Amazon, AMD, American Airlines, Amazon, Draft Kings, Facebook, Ford, Netflix, Tesla and Twitter.

Learn more about Dave Portnoy’s ETF below and head over to BUZZ’s website to get a better idea of its performance and investments.

In case you missed it, Elon Musk announces plans to start a Texas city called “Starbase.”

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