Portnoy-backed ETF opens trading with small loss
The VanEck Vectors Social Sentiment ETF which caused a buzz when social-media finance dude Dave Portnoy released a video press conference touting the fund ahead of its scheduled announcement, started trading Thursday with a small loss. The ETF includes many growthy tech stocks which are in the crosshairs as bond yields rise. Two of the top holdings, Apple Inc. and Tesla Inc. were down sharply Thursday morning. In early trade, the ETF had lost 1.1%.
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