This fund is still one of a kind in terms of being able to play the Social Media sector, so it will likely continue to see month over month increases in trading volume as it has recently as long as the volatility in the underlying names keeps up in the short term.

Being that FB has been a mover lately, it makes sense to address other funds where the stock has a significant presence in terms of its individual index weighting. FPX (First Trust IPOX-100, Expense Ratio 0.60%) has an 11.64% weighting to the name while IPO (Renaissance IPO ETF, Expense Ratio 0.60%) has an 11.08% weighting.

PNQI (PowerShares Nasdaq Internet Portfolio, Expense Ratio 0.60%) has a 10.35% slice allocated to FB, while FDN (First Trust DJ Internet, Expense Ratio 0.60%), has a healthy 7.58% weighting to the stock. FDN by the way has traded absolutely off the wall trading volume the past three sessions, you should have a look.

We suspected FB would move “into” earnings season, as it typically does during its limited time in existence as a publicly traded company, but with earnings not expected until 4/30, we still have more than a month
of potential volatility in the stock and perhaps the sector.

Global X Social Media Index ETF

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