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Cybersecurity ETF (CIBR) Hits New 52-Week High

Sanghamitra Saha
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For investors seeking momentum, First Trust Nasdaq Cybersecurity ETF CIBR is probably on radar now. The fund just hit a 52-week high and is up nearly 29.8% from its 52-week low price of $20.59/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.

CIBR in Focus

The ETF looks to track the performance of the Nasdaq CTA Cybersecurity Index, which gives exposure to companies engaged in the cybersecurity segment of the technology and industrials sectors. The product charges 60 bps in net fees (see all Technology ETFs here).

Why the Move?

Tech slump or not, the cybersecurity segment has remained steady in recent times.The importance of cyber security has been recognized by several industries, ranging from aerospace and defense, government, banking, financial services and insurance (BFSI), healthcare, retail, IT & telecom, to manufacturing. The rising fear of cyberattacks is rising rapidly due to data theft or data breaches. This is why this tech area survived the latest sector rout to a large extent.

More Gains Ahead? 

It seems that the fund will stay strong in the near term given a positive weighted alpha of 27.20. So, there is still some promise for investors who want to ride on this surging ETF.

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FT-NDQ CYBERSEC (CIBR): ETF Research Reports
 
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