Monday was Cyber Monday and with the holiday shopping season officially here, investors are focusing on destinations such as consumer discretionary and retail stocks and exchange traded funds.
Cyber security stocks and the PureFunds ISE Cyber Security ETF (NYSEArca: HACK) merit a place in that conversation as well.
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.
HACK rose to acclaim for its often impressive responses to highly publicized data breaches. Cybersecurity-related ETFs have quickly gained a wide following after a number of high-profile cyber security breaches since the second quarter of 2014 involving companies such as Apple (NasdaqGS: AAPL), Tesla (NasdaqGS: TSLA), Starbucks (NasdaqGS: SBUX) and, on multiple occasions, the federal government.