ETFs with Lyft exposure go along for the ride as stock jumps more than 26%

Exchange-traded funds with exposure to Lyft Inc. jumped Thursday as shares of the rideshare company gained more than 26%. Lyft stock roared higher on small improvements in customer demand, even after the CEO warned of "headwinds." The ETFMG Travel Tech ETF , with 7.1% of its portfolio invested in Lyft shares, was up nearly 5% midday. The Renaissance IPO ETF , which has 2.7% of its holdings in Lyft, was up 4.1%. And a fund from Sofi, the Gig Economy ETF , with slightly less than 2% allocated to the company, jumped 4.1%. The big gains for those funds - and slightly smaller ones for the broader stock indexes - came even as investors turned more bullish on prospects for re-opening the economy, if only gradually. The S&P 500 was up 1.6% midday.

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