Popular Index backed by Dave Portnoy adds and removes stocks based on their latest monthly sentiment readings

March 18, 2021 9:15 AM EDT

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New York City, March 18, 2021 (GLOBE NEWSWIRE) -- BUZZ announced stocks added and removed from its flagship Index according to its regularly scheduled monthly rebalance. The Index changes are based on the latest measures of positive investor sentiment. BUZZ uses analytics models featuring Artificial Intelligence and Natural Language Processing technologies to scan over 15 million stock-specific online posts per month, identifying those stocks with the highest levels of aggregate investor sentiment. Each month, the 75 stocks with the highest scores are featured in the BUZZ Index and weighted according to their positive sentiment rank. 

The March rebalance features eleven new stocks added and removed from the Index, including: 

What’s In What’s Out
Company Ticker Company Ticker
Costco Wholesale Corp COST ON Semiconductor Corp ON
Marathon Oil Corp  MRO Intel Corp INTC
Micron Technology Inc MU BlackRock Inc BLK
Trade Desk Inc/The  TTD Visa Inc V
Target Corp TGT International Business Machine IBM
Occidental Petroleum Corp OXY Simon Property Group Inc SPG
Dropbox Inc DBX Starbucks Corp SBUX
Verizon Communications Inc VZ Caterpillar Inc CAT
Norwegian Cruise Line Holdings NCLH Activision Blizzard Inc ATVI
Twilio Inc  TWLO Gilead Sciences Inc GILD
United Airlines Holdings Inc  UAL  Chewy Inc CHWY 

BUZZ CEO, Jamie Wise explains, “Monthly rebalancing allows us to keep a pulse on the market to ensure we are always holding the stocks that represent the most positive sentiment of the community” He adds: “This dynamic approach has enabled BUZZ to outperform the S&P 500 Index since the BUZZ Index launched in 2015. We believe trading large cap equities based on sentiment is a game changer.” 

The Buzz Index is licensed to the VanEck Associates Corporation.  The ETF trades under the symbol NYSE:BUZZ  

About BUZZ

BUZZ creates and maintains quantitative portfolio strategies based on proprietary analytics models. BUZZ utilizes models which incorporate state of the art Natural Language Processing algorithms and Artificial Intelligence applications to derive actionable investment insights from alternative datasets including online social content. Their revolutionary process is used to create indices that can be licensed to product sponsors and serve as the basis of investment products such as exchange-traded funds.

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Stephanie Woods
Source: BUZZ

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