In fact, the only member of the ETF’s top-10 lineup that has traded lower since that date is China’s Sina (NasdaqGS: SINA).
Investors have stuck by SOCL, perhaps a sign of some bottom-fishing in the social media space. The ETF has pulled in $4.5 million in new assets since the start of the second quarter despite tumbling almot 11% over that time.
Global X Social Media Index ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of Facebook.