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Cybersecurity Sector Performance Remained Below Average

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Overview

In this article, we will examine the performance of cybersecurity stocks within the broad technology sector and track the weekly performance of PureFunds ISE Cyber Security ETF (HACK) as well as its components. HACK closed at $27.30, falling 0.44% on Monday, September 21, 2015, although it rose 1.19% for the week.

For the week of September 14–18, 2015, the technology sector remained marginally well. The Technology Select Sector SPDR Fund (XLK), Vanguard Information Technology ETF (VGT), First Trust Dow Jones Internet Index Fund (FDN), and iShares North American Tech-Software ETF (IGV) yielded -1.00%, -0.3%, 1.2%, and 0.4%, respectively.

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Subsector performance

IT Consulting and Services was the worst performing sector, falling 5.29%. Within the sector, WidePoint Corp (WYY) generated returns of -25.69%, which has brought the entire sector down. The next worst performing sector was the Aerospace and Defense sector, generating a return of -1.26%. The Aerospace and Defense sector consists of Keyw Holdings (KEYW) and Exelis (XLS), showing a negative return of -1.67% and -0.85% respectively.

System Software constitutes around 33% of total HACK ETF holdings, generating a profit of 2.24% for the week. Almost all the stocks were up within this sector except CyberArk, F-Secure, and Trend Micro, which fell 1.71%, 4.20%, and 2.79%, respectively. Within the sector, Vasco Data Security (VDSI) and Barracuda Networks (CUDA) were the best performing stocks, generating returns of 9.91% and 7.47% on September 21.

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