Pandora Upgrade Fails to Lift Social Media ETF
March 05, 2012 at 13:25 PM EST
A 7% rally in Pandora (NYSE: P) shares Monday following an analyst upgrade wasn’t enough to boost an exchange traded fund that specializes in social media stocks. Global X Social Media ETF (NasdaqGM: SOCL) was down 1.7% in recent trading. The $8.5 million fund has a 3% weighting in Pandora, the...