Similar to previous periods of online attacks, cybersecurity stocks rallied on the increased attention to safeguarding our rising usage of internet-based services.
The PureFunds ISE Cyber Security ETF was the first cybersecurity-related ETF to hit the market back in November 2014. HACK reflects an index comprised of companies that offer hardware, software, consulting and services to defend against cybercrime. Top holdings include Infoblox (NasdaqGS: BLOX) 5.2%, Qualys (NasdaqGS: QLYS) 4.7% and Palo Alto Networks (NasdaqGS: PANW) 4.6%.
The First Trust Nasdaq Cybersecurity ETF, which was launched in July last year, also tracks a similar basket of companies involved in building, implementation and management of security protocols applied to private and public networks to provide protection of data and operations. CIBR is a little more top heavy, with its top components including NXP Semiconductors (NasdaqGS: NXPI) 7.0%, PANW 6.6% and Symantic (NasdaqGS: SYMC) 5.9%.
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PureFunds ISE Cyber Security ETF