Investors seeking momentum may have First Trust NASDAQ Cybersecurity ETF (CIBR - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of CIBR are up approximately 47.1% from their 52-week low of $32.56/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
CIBR in Focus
The underlying Nasdaq CTA Cybersecurity Index tracks the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. The expense ratio is 0.60%.
Why the move?
Operations of around 1,500 organizations were compromised by the file-encrypting malware recently after an incident at U.S. IT firm Kaseya. The rampant usage of Internet has raised the risk of cyber threats. In case of work from home, proprietary business data is being accessed from personal computers and laptops that may not have the same level of security as in-office setups. Public-sector organizations are facing massive problems. No wonder, cyber security stocks gained recently.
More Gains Ahead?
The fund has a positive weighted alpha of 38.66. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors seeking momentum may have First Trust NASDAQ Cybersecurity ETF (CIBR - Free Report) on radar now. The fund recently hit a new 52-week high. Shares of CIBR are up approximately 47.1% from their 52-week low of $32.56/share.
But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term outlook to get a better idea of where it might be headed.
CIBR in Focus
The underlying Nasdaq CTA Cybersecurity Index tracks the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. The expense ratio is 0.60%.
Why the move?
Operations of around 1,500 organizations were compromised by the file-encrypting malware recently after an incident at U.S. IT firm Kaseya. The rampant usage of Internet has raised the risk of cyber threats. In case of work from home, proprietary business data is being accessed from personal computers and laptops that may not have the same level of security as in-office setups. Public-sector organizations are facing massive problems. No wonder, cyber security stocks gained recently.
More Gains Ahead?
The fund has a positive weighted alpha of 38.66. So, there is a decent outlook ahead for those who want to ride this surging ETF a shade further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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