VanEck Social Sentiment ETF Sees Unusual Volume with Lucid Group and Nvidia Leading the Way

The VanEck Social Sentiment ETF, BUZZ, is experiencing unusually high volume on Monday with over 386,000 shares traded, compared to its three-month average of about 34,000. The ETF is down about 1.1% on the day. Lucid Group and Nvidia are the components with the highest volume, while Rocket Companies and Rocket Lab are performing differently.

The VanEck Social Sentiment ETF (BUZZ) saw unusually high trading volume on Monday, with over 386,000 shares traded compared to its three-month average of about 34,000 shares. The ETF was down about 1.1% on the day. Among its components, Lucid Group and Nvidia had the highest volume, with Lucid Group trading off about 7.2% and Nvidia down about 0.6% [1].

Lucid Group, a component of the VanEck Social Sentiment ETF, saw significant trading activity with over 241.1 million shares changing hands, indicating strong investor interest. Nvidia, another component, also experienced high volume with over 121.2 million shares traded. In contrast, Rocket Companies was the top performer, rising by about 7.5%, while Rocket Lab lagged, trading down by about 8.2% [1].

The unusual volume in BUZZ can be attributed to the ongoing interest in social media-driven stocks and the recent partnership announcements involving its components. Lucid Group, for instance, announced a robotaxi partnership with Uber Technologies, which could significantly boost its demand and revenue [3]. The partnership involves Uber investing $300 million in Lucid to form a robotaxi service using Lucid's advanced technology and Nuro's level 4 autonomy system.

Despite the positive developments, Lucid Group's stock experienced a pullback on Monday, with the share price down 7.2% as of 2:45 p.m. ET. The broader market rally did not prevent the sell-off, suggesting that investors are reassessing the significance of the Uber partnership [4]. This pullback follows Lucid Group's explosive valuation gains last week after the announcement of the partnership.

The VanEck Social Sentiment ETF's high volume and the varying performances of its components reflect the ongoing interest and speculation in social media-driven stocks and the potential impact of partnerships and technological advancements in the EV sector.

References:
[1] https://www.nasdaq.com/articles/mondays-etf-unusual-volume-buzz
[2] https://www.marketwatch.com/story/stocks-with-lots-of-social-media-buzz-are-crushing-it-in-2025-why-one-strategist-thinks-the-trade-has-gone-too-far-878802a8
[3] https://www.mitrade.com/au/insights/news/live-news/article-8-972278-20250720
[4] https://finance.yahoo.com/news/why-lucid-stock-sinking-today-193615710.html