This Formerly Hot Social Media ETF Is Getting More Anti-Social by the Day

Among the many terms introduced to us during the age of social media is a “thread.” That’s a series of connected posts, which people use to turn a short burst of information into more of a story. 

For someone who grew up way before the social media age, it is ironic to me that a 15-year-old exchange-traded fund (ETF) dedicated to tracking social media stocks is, in technical terms, hanging by a thread. The ETF is GX Social Media ETF (SOCL). And lately, it is showing signs of turning itself off to profits. Let’s examine the possibilities ahead.