Companies must have a minimum market value of $250 million, a minimum three-month daily dollar trading volume of $1 million and a minimum free float of 20% to be eligible for the index.
CIBR and HACK may not be alone in the cyber security ETF space for long as Direxion has plans to introduce leveraged bearish and bullish versions of HACK.
Cyber Security Estimated Spending Growth
Chart Courtesy: First Trust