However, Pandora’s Monday struggles do not mean the party is over for SOCL. In fact, there are potential near-term catalysts looming for the ETF. The fund could rally into year-end if Twitter and China’s Alibaba, assuming the latter qualifies for entry into the Solactive Social Media Index, launch their highly anticipated initial public offerings. [Twitter IPO: Icing on the Cake For Social Media ETF]
Global X Social Media Index ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Apple and Facebook.