HACK: This May Not Be The Pure Play Cybersecurity ETF You're Looking For
The HACK ETF invests in companies involved in cybersecurity. The fund includes several stocks that are not traditionally recognized as cybersecurity names which adds diversification but also limits its focus. Alternative ETFs may be a better option for investors seeking targeted exposure to this important and high-growth theme.
3 ETFs to Buy for Maximum Exposure to the Hottest Tech Trends
With so many innovations available in the market, it's increasingly difficult for investors to pick out viable ideas. That's where exchange-traded funds come into play.
HACK: A Diversified Basket Of Cyber-Related Stocks, Attractive Amid The Correction
Cybersecurity stocks have not performed well recently, but I see a GARP opportunity in the HACK's historical drawdowns. Cyber insurance spending is expected to continue rising at a high annual pace, reaching $23.6 billion by the end of next year, providing a bullish fundamental backdrop. HACK is a somewhat small ETF with concentrated holdings, and its technical chart is encouraging, with the current pullback offering a solid buying opportunity.
