So here is the near-term bottom line with HACK, at least in the opinion of this writer. Despite a couple of days of some (not all) tepid analyst commentary, the ETF is still up 21% this year. Exclude a few biotech funds, and HACK is 2015’s top industry ETF.
Just seven trading days ago, HACK joined the $1 billion club and its assets under management total has since swelled to $1.24 billion, meaning AUM growth of 20% in seven trading days. [HACK Hits $1 Billion in Assets]
All of that is a roundabout way of saying it is not reasonable to expect HACK and its holdings to move up in unabated, straight line fashion. This is a growth ETF holding growth stocks. There are going to be some bumps in the road. Then again, HACK is just one cyber security imbroglio away from its next move higher and those headlines seem to pop up every week.
PureFunds ISE Cyber Security ETF