One of the most indisputable facts regarding industry exchange traded funds is that cybersecurity ETFs are ultra-hot when it comes to gathering investor assets.
The PureFunds ISE Cyber Security ETF (NYSE: HACK) is the king of the cybersecurity realm, having needed just 10 months of trading to amass $1.5 billion in assets under management. Give the First Trust NASDAQ CEA Cybersecurity ETF (NASDAQ: CIBR) some credit, too. That ETF is just over two months old and already has $76.7 million in assets under management.
Direxion, the second-largest issuer of inverse and geared ETFs, is looking to capitalize on the popularity of cybersecurity ETFs with Wednesday's introductions of the Direxion Daily Cyber Security Bull 2X Shares (NYSE: HAKK) and the Direxion Daily Cyber Security Bear 2X Shares (NYSE: HAKD).
Twice The Power
The Direxion Daily Cyber Security Bull 2X Shares is designed to deliver twice the daily inverse performance of the ISE Cyber Security Index ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5841781/theyre-heeere-leveraged-cybersecurity-etfs alt=They're Heeere: Leveraged Cybersecurity ETFs>Full story available on Benzinga.com
More...