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Social Media ETF Enters Bear Market Territory

While much of the decline in momentum stocks has been focused on the biotechnology sector, another industry group that has been torched this year is social media stocks.The Global X Social Media Index Fund (NASDAQ:SOCL) tracks a concentrated group of 27 global companies engaged in social networking, file sharing and other web-based media applications. The fund controls $128 million in total assets and charges an annual expense ratio of 0.65 percent.Some of the top holdings and household names in SOCL include Facebook (NASDAQ:FB), LinkedIn (NYSE:LNKD) and Yelp Inc. (NYSE:YELP), which have all declined significantly from their 2014 highs. Since hitting a high on March 6, SOCL has fallen more than 21 percent and is now trading at levels not seen since August 2013. The fund recently sliced through its 200-day moving average, and volume has been steadily increasing as well.Related: Inverse ETFs Offer Traders A Profitable Edge On The DownsideSocial media names garnered a great deal of hype i...

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  1. JCP vs. Sears: Which is the best of the worst?

    Strategic Resource Group managing director Burt Flickinger and Morningstar equity analyst Paul Swinand give their outlook for Sears and JCPenney.

  2. Can't find the perfect diamond? Design your own bling

    Ritani lets customers design jewelry online and pick up in-store, with no obligation to buy.

  3. Selling environmentally, socially responsible fashion

    Company focuses on 'conscious consumption'

  4. The battle of online retailers : Overstock.com vs. Amazon

    Overstock.com CEO Patrick Byrne on the company, minimum wage and bitcoin.

  5. White House considering drone attack against American citizen?

    FNC senior judicial analyst Judge Andrew Napolitano on the Obama Administration considering authorizing the killing of an American citizen accused of being a terror suspect.

  6. Stormy retail season

    Strategic Resource Group managing director Burt Flickinger on how the bad weather will affect retail.

  7. Tracking shoppers by phone

    Turnstyle solutions co-founder Chris Gilpin on what stores can track from shoppers’ smartphones.

  8. Wild weather winners and losers

    Planalytics manager of client services Kristin Blake on how the cold weather could impact businesses' bottom line.

  9. Is bad weather good for online retailers ?

    Consumer trend watcher Hitha Prabhakar on the bad weather’s impact on retailers and which stores may fold at the end of 2014.

  10. Fox Flash: Manhood crisis

    Author Darrin Patrick discuss his new book

  11. Was it a Merry Christmas for retailers?

    MasterCard Advisors Senior V.P. Sarah Quinlan on how retailers did over the holiday shopping season.

  12. Mobile Traffic Sets Christmas Day Record

    Online sales climbed 16.5% year-over-year on Christmas Day as a record number of shoppers took to their mobile devices to make purchases and use newly-acquired gift ...

  1. Google tracking, helping brick-and-mortars?

    Consumer trend watcher Hitha Prabhakar on online advertising, Victoria’s Secret and Bed Bath & Beyond.

  2. Save big on eyeglasses

    Whether it's sunglasses for the summer, an upgrade to your prescription, or anything else, if you want to save on buying eyeglasses think online retailers and discou...

  3. 9 free mobile apps that grab discounts and deals

    It can cost you several hundred dollars these days for a new smart phone , even if you sign up for a multiyear plan. But you can recoup that cost—and save even more—...

  4. Warehouse club shopping on your phone--for free?

    Boxed.com CEO Chieh Huang on the company and why it is only available for use on mobile devices.

  5. Sexy underwear withstands arctic blast thanks to online retail

    Real Underwear CEO Morris Rishty discusses triple-digit sales growth during the snowy winter.

  6. Happy Birthday Internet: 25 Years of Milestones

    The Web’s Birth http://global.fncstatic.com/static/managed/img/Internet-Web-Site-URL.jpgAround the year 1990, the World Wide Web was born, the brainchild of British ...

  7. Social media driving online sales?

    Consumer trends watcher Hitha Prabhakar on how social media is boosting sales for online retailers .

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