This Cybersecurity ETF Is Chock Full Of Takeover Targets

September 28, 2015

The PureFunds ISE Cyber Security ETF HACK has garnered rock star status and become one of the best-performing technology exchange traded funds due in large part to the positive impact negative cybersecurity news has on HACK and its 32 holdings.

Although HACK and cybersecurity stocks have dithered in recent weeks, there is another looming catalyst with the potential to drive the cybersecurity higher: Mergers and acquisitions activity. Takeover activity as a possible catalyst for HACK and its components makes sense. Consider this: At the end of the second quarter, the average market value of the ETF’s holdings was $8.4 billion and the weighted average of market capitalization of HACK member firms was $9.9 billion, according to PureFunds data.

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