BUZZ · Exit · 1d
The sudden drop from 0.66% to 0.00% on July 16th represents a complete removal of Snowflake Inc from the BUZZ portfolio, following a period of minor weight increases earlier in the month. This divestment occurred as SNOW traded at $268.90, nearing its 52-week high after a significant 53.4% return over the prior 90 days. Given BUZZ's strategy of passively tracking an index derived from positive sentiment intensity on social media, this abrupt exit suggests a considerable decline in the perceived positive buzz from the retail crowd. The index's monthly rebalancing mechanism likely triggered the full removal when Snowflake's sentiment intensity no longer met the criteria for inclusion, despite recent share price gains.
weight 0.650% → 0 (exited)·stock up 12.1% in the 30 days before
Jul 16·entry $270.02·now $274.34