Like the other AlphaDEX ETFs, FXO’s 172 holdings are selected based “on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors including book value to price, cash flow to price and return on assets,” according to First Trust.

SEE MORE: Another Rising Rates ETF Breaks Out

On a technical basis, things look good for KIE.

KIE’s “breakout has exceeded three prior highs, starting with the peak last August.  While near-term overbought, this is a technically bullish intermediate-term move,” adds See It Market.

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SPDR S&P Insurance ETF