Still, FPX is down 1.8% on volume that is already above the daily average. Interestingly, it is Facebook that is holding back the aforementioned ETFs today. On the day of Twitter’s debut, Mark Zuckerberg’s company is off nearly 3%.
Facebook is the largest holding in FPX and IPO, accounting for more than 10% of those ETFs. The stock is SOCL’s second-largest holding at a weigh of 9.6%.
SOCL 1-Day Chart
