patrick.net

“The Unusual Whales Democratic ETF, which trades under the symbol ‘NANC’ in a nod to former House Speaker Nancy Pelosi, has surged 30% since its launch on February 7, 2023.

“That compares to a gain of 24% for the S&P 500 over the same time period.”

Investopedia explains what an “ETF” is.

The outlet reports:

An exchange-traded fund (ETF) is a basket of securities that trades on an exchange just like a stock does.

ETF share prices fluctuate all day as the ETF is bought and sold; this is different from mutual funds, which only trade once a day after the market closes.

Business Insider reports that the particular ETF referred to above – the one that trades under NANC – “tracks the trades of Democrats in Congress and their spouses.”

Patrick says

One could build a stock growth fund that watches and buys whatever stocks these folks buy.