Overview of HACK
The Purefunds ISE Cyber Security ETF (HACK) tracks a market cap–weighted portfolio of US cybersecurity companies. This ETF tracks the performance of 35 publicly listed companies in the US cybersecurity sector. The market capitalization of HACK is $1.11 billion, with an expense ratio of 0.75%. HACK’s average daily volume of shares traded is $11.56 million. The price-to-earnings ratio of HACK is 345.41x, and its price-to-book ratio stands at 5.41x.
The top holdings of this ETF and their weights are:
- Cisco (CSCO): 4.01%
- ProofPoint (PFPT): 4.37%
- CyberArk (CYBR): 4.05%
- Qualys (QLYS): 4.19%
- Juniper Networks (JNPR): 4.57%
These five holdings comprise over 22% of the total portfolio. Proofpoint also comprises 0.10% of the iShares Russell 2000 ETF (IWM).
Fund flows in HACK
In the trailing one-month period, fund outflows for The Purefunds ISE Cyber Security ETF (HACK) were -$11.78 million. Since the fund’s inception in November 2014, its net fund inflows were $1.24 billion. Fund flows in the trailing five days and trailing three months for HACK were -$10.71 million and -$57.91 million, respectively. Since August 3, 2015, HACK has traded consistently below its moving averages. Since then, fund outflows in the ETF have been -$128 million.
HACK generated investor returns of 7.67% since its inception and 3.83% in the trailing one-month period. In comparison, it generated returns of 2.38% year-to-date and 3.47% in the last three months. We can see that fund flows are directly related to ETF returns.
On November 25, 2015, HACK closed the trading day at $27.12. Based on this figure, let’s see how the stock fared in terms of its moving averages:
- 3% below its 100-day moving average of $27.81
- 3% above its 50-day moving average of $26.44
- 1% above its 20-day moving average of $26.72
Relative Strength Index
HACK’s 14-day RSI (Relative Strength Index) is 57, which shows that the ETF is slightly overbought. Generally, if the RSI is above 70, it indicates the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.