Zendesk (ZEN) is down -12% after an announcement that they would alter their strategy to stop pursuing opportunities for acquisition. There are 107 ETFs holding ZEN and the three with the most under management are: ProShares Big Data Refiners ETF (DAT) 7.38%, the Neuberger Berman Disrupters ETF (NBDS) 3.57%, and the iShares Virtual Work and Life Multisector ETF (IWFH) 3.53%.
ETF Newz Says:
ZENs decision to remain independent is not going over well with investors at the moment.
