With great risk comes great rewards. Investors of last financial year are getting a very nice pay day come July 15. The distribution is an earth shattering $2.17 which is ~ 13% dividend yield. Hence, the main reason for the dip in stock price.
I think ETF securities gave this special dividend considering that they did not pay out in the last half yearly. Total annualised return is 60% which is quite astounding.
However, bear in mind the ETF has only existed for 1 year. Eventually, there will be another market correction and we will see if the constituents hold up over the long term.
I would replace Twitter with Tencent or TSMC.
FANG ETF