Computerized security breaches are now a regular part of the daily news. From an investment angle, electronic attacks have been a boon to cybersecurity stocks, which are receiving new business as companies spend money to defend themselves against cyber-attacks.
Direxion Investments launched the Cyber Security Bull and Bear 2X Shares (HAKK/HAKD) targeting this emerging industry sector. Both funds are linked to the ISE Cyber Security Index and aim for 200% daily and 200% daily opposite (inverse) exposure.
“Our new leveraged ETFs enable traders to benefit from exposure to these industries, regardless of market conditions and sector performance, in a flexible way,” said Sylvia Jablonski, managing director at Direxion.