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@StickyRice：Surging Spotify, Pinterest and Alphabet have boosted this social media ETF An earnings-related pop in shares of Spotify (NYSE:SPOT) gave a lift to the Global X Social Media ETF (NASDAQ:SOCL). The exchange traded fund, which focuses on social media investments, also received a boost from a rally in Pinterest (NYSE:PINS) and Alphabet (GOOG) (GOOGL). SOCL is +3% and has the largest stake amongst any ETF on the market in SPOT and PINS. SPOT, the music and podcast streaming service rallied 15.1% early Wednesday following the release of its quarterly results. SOCL also has a significant holding in PINS, which is +9.1% on the day. SPOT sits as SOCL’s ninth most significant weighting, representing 4.67% of the net assets inside of the ETF. PINS on the other hand is the fund's tenth most prominent position with a 4.51% weighting. Spotify (SPOT) has traded well into the green as the company reported second-quarter earnings that showed that ad revenues grew and user growth accelerated. Premium subscribers accelerated by 14%, to 188M, beating estimates by 1M and total revenue jumped 23% to €2.9B. Also lending a hand to SOCL is the positive price action in the tech giant Alphabet (GOOG) (GOOGL). Alphabet is SOCL’s eighth largest holding with a 5.13% weighting. Moreover, GOOG finds itself +6.9% on Wednesday’s session, bolstered by its own quarterly report. High level breakdown on SOCL: $173.49M assets under management, $36.26M of outflows in 2022, experienced average daily trade volumes of 22,281 shares, and is attached with 44 holdings along with a 0.65% expense ratio.

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The exchange traded fund, which focuses on social media investments, also received a boost from a rally in Pinterest (NYSE:PINS) and Alphabet (GOOG) (GOOGL).</p><p>SOCL is +3% and has the largest stake amongst any ETF on the market in SPOT and PINS.</p><p>SPOT, the music and podcast streaming service rallied 15.1% early Wednesday following the release of its quarterly results.</p><p>SOCL also has a significant holding in PINS, which is +9.1% on the day.</p><p>SPOT sits as SOCL’s ninth most significant weighting, representing 4.67% of the net assets inside of the ETF. PINS on the other hand is the fund's tenth most prominent position with a 4.51% weighting.</p><p>Spotify (SPOT) has traded well into the green as the company reported second-quarter earnings that showed that ad revenues grew and user growth accelerated. Premium subscribers accelerated by 14%, to 188M, beating estimates by 1M and total revenue jumped 23% to €2.9B.</p><p>Also lending a hand to SOCL is the positive price action in the tech giant Alphabet (GOOG) (GOOGL). Alphabet is SOCL’s eighth largest holding with a 5.13% weighting. Moreover, GOOG finds itself +6.9% on Wednesday’s session, bolstered by its own quarterly report.</p><p>High level breakdown on SOCL: $173.49M assets under management, $36.26M of outflows in 2022, experienced average daily trade volumes of 22,281 shares, and is attached with 44 holdings along with a 0.65% expense ratio.</p></body></html>","htmlText":"<html><head></head><body><p>Surging Spotify, Pinterest and Alphabet have boosted this social media ETF</p><p>An earnings-related pop in shares of Spotify (NYSE:SPOT) gave a lift to the Global X Social Media ETF (NASDAQ:SOCL). The exchange traded fund, which focuses on social media investments, also received a boost from a rally in Pinterest (NYSE:PINS) and Alphabet (GOOG) (GOOGL).</p><p>SOCL is +3% and has the largest stake amongst any ETF on the market in SPOT and PINS.</p><p>SPOT, the music and podcast streaming service rallied 15.1% early Wednesday following the release of its quarterly results.</p><p>SOCL also has a significant holding in PINS, which is +9.1% on the day.</p><p>SPOT sits as SOCL’s ninth most significant weighting, representing 4.67% of the net assets inside of the ETF. PINS on the other hand is the fund's tenth most prominent position with a 4.51% weighting.</p><p>Spotify (SPOT) has traded well into the green as the company reported second-quarter earnings that showed that ad revenues grew and user growth accelerated. Premium subscribers accelerated by 14%, to 188M, beating estimates by 1M and total revenue jumped 23% to €2.9B.</p><p>Also lending a hand to SOCL is the positive price action in the tech giant Alphabet (GOOG) (GOOGL). Alphabet is SOCL’s eighth largest holding with a 5.13% weighting. Moreover, GOOG finds itself +6.9% on Wednesday’s session, bolstered by its own quarterly report.</p><p>High level breakdown on SOCL: $173.49M assets under management, $36.26M of outflows in 2022, experienced average daily trade volumes of 22,281 shares, and is attached with 44 holdings along with a 0.65% expense ratio.</p></body></html>","text":"Surging Spotify, Pinterest and Alphabet have boosted this social media ETF An earnings-related pop in shares of Spotify (NYSE:SPOT) gave a lift to the Global X Social Media ETF (NASDAQ:SOCL). The exchange traded fund, which focuses on social media investments, also received a boost from a rally in Pinterest (NYSE:PINS) and Alphabet (GOOG) (GOOGL). SOCL is +3% and has the largest stake amongst any ETF on the market in SPOT and PINS. SPOT, the music and podcast streaming service rallied 15.1% early Wednesday following the release of its quarterly results. SOCL also has a significant holding in PINS, which is +9.1% on the day. SPOT sits as SOCL’s ninth most significant weighting, representing 4.67% of the net assets inside of the ETF. PINS on the other hand is the fund's tenth most prominent position with a 4.51% weighting. Spotify (SPOT) has traded well into the green as the company reported second-quarter earnings that showed that ad revenues grew and user growth accelerated. Premium subscribers accelerated by 14%, to 188M, beating estimates by 1M and total revenue jumped 23% to €2.9B. Also lending a hand to SOCL is the positive price action in the tech giant Alphabet (GOOG) (GOOGL). Alphabet is SOCL’s eighth largest holding with a 5.13% weighting. Moreover, GOOG finds itself +6.9% on Wednesday’s session, bolstered by its own quarterly report. 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