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ISE Cyber Security (HACK) Performance Remains Bearish

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Overview

In this article, we will cover the performance of cyber security funds within the broad technology sector, tracking the daily performance of the PureFunds ISE Cyber Security ETF (HACK) as well as its components. HACK closed at $26.81, falling 0.34% on Wednesday, September 23, 2015.

On September 23, the technology sector performed marginally well. The Technology Select Sector SPDR ETF (XLK), the Vanguard Information Technology ETF (VGT), the First Trust Dow Jones Internet Index ETF (FDN), and the iShares North American Tech-Software ETF (IGV) generated 0.25%, 0.21%, -0.82%, and -0.18% returns, respectively.

Daily subsector performance

IT consulting and services remain at the top, leaving behind the other sectors of the HACK ETF, which generated a return of 1.41% on September 23. Within the sector, Widepoint’s (WYY) stock price shot up, generating returns of 8.08% compared to the previous day’s performance of 6.55%.

Aerospace & Defense and Application Software are the two worst-performing sectors, generating returns of -1.66% and -0.66%, respectively. Aerospace & Defense consists of KEYW Holding Corp. (KEYW) and Exelis Inc. (XLS), showing returns of -3.00% and -0.33%, respectively, on September 23. Application Software consists of Splunk Inc. (SPLK) and Zix Corp., showing returns of 1.70% and 1.86%, respectively.

System Software comprises ~33% of total HACK ETF holdings, generated a profit of 0.42% on September 23, 2015. FireEye (FEYE) and F-secure are the worst performers in this sector, generating returns of -4.87% and -1.34%, respectively. Imperva (IMPV) and CyberArk Software (CYBR) are the best-performing stocks, generating returns of 4.97% and 4.92%, respectively, on September 23.

Market updates

Vasco Data Security International announced the two new DIGIPASS 780 and DIGIPASS 880 authenticators, with Cronto-based visual transaction signing capability. To protect against security attacks, these hardware products utilize color QR code capability.

Splunk announced that the extreme demand in industrial data and Internet of Things (or IoT) had driven the continued investment in its product and partner ecosystem. Splunk enables its customers to deploy IoT solutions as software, a cloud service, or in a hybrid environment.

Customers use Splunk solutions to collect and correlate data from control systems, sensors, and mobile devices for a variety of industrial data. This information can be used to gain operational efficiency, implement predictive analysis, and identify industry best practices.

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