HACK Sees $1.266 Billion in Fund Inflows since Its Inception
XLK, SKYY, and More: Analyzing Tech ETF Fund Flows
Overview of HACK
The Purefunds ISE Cyber Security ETF (HACK) tracks a market-cap-weighted portfolio of US cyber security companies. This ETF tracks the performance of 32 publicly listed companies in the US cyber security sector. The market capitalization of the ETF is $1.06 billion with an expense ratio of 0.75%. Its average daily volume of shares traded is $19.97 million. The price-to-earnings ratio is 365.99x while its price-to-book value ratio stands at 3.64x.
The top five holdings of the ETF include Fortinet (FTNT) at 4.98%, Proofpoint (PFPT) at 15.58%, Palo Alto Networks (PANW) at 4.54%, Science Applications at 4.52%, and Juniper Networks (JNPR) at 4.42%. The five holdings comprise over 34% of the total portfolio.
Fund flows in HACK
In the trailing-one-month, fund outflows for The Purefunds ISE Cyber Security ETF were $23.51 million. Net fund inflows since inception—November 2014—stood at $1.266 billion. Fund flows in the trailing-five-days and trailing-three-months were, respectively, -$11.45 million and $127.32 million. Since August 3, 2015, the ETF has traded consistently below its moving averages, and since then its fund outflows were -$105.92 million.
The ETF generated investor returns of 2.89% since inception, and -6.90% in the trailing-one-month period. In comparison, it generated returns of -4.68% year-to-date, and -19.97% in the last three months.
Moving averages
On October 2, 2015, the Purefunds ISE Cyber Security ETF closed the trading day at $25.92. Based on this figure, here’s how the stock fares in terms of its moving averages:
12.69% below its 100-day moving average of $29.68
7.44% below its 50-day moving average of $28.005
2.26% below its 20-day moving average of $26.52
Relative strength index
The ETF’s 14-day relative strength index, or RSI, is 30.62. An RSI figure below 30 suggests that a stock might be oversold.
Browse this series on Market Realist:
