ETFMG Prime Cyber Security ETF (HACK)

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ETFMG Prime Cyber Security ETF (HACK)

The ETFMG Prime Cyber Security ETF (HACK) has slumped 28.27% from Jan. 2022 to the present, though it has shown some signs of life over the past two months. After hitting a new low for 2022 on Oct. 13, HACK bounced 14% (which outpaced NASDAQ’s 9% bounce in that same time).

a chart that shows HACK's one-year performance

It hit resistance at about $47.50 on Dec. 1 but seems to have found some support around $42.60.

This chart, like many stocks as of late, doesn’t look so hot. But check out HACK’s past three years…

a chart that shows HACK's three-year performance

That tells a somewhat different story. You can see where cybersecurity stocks were headed before inflation, bond yields, and interest rates dragged on the market this year.

But the underlying trend hasn’t changed. The odds that cyber threats will decrease in the coming years are, to quote Muhammed Ali, “Slim, and none. And Slim just left town.” HACK and cybersecurity stocks are likely to return to previous highs and then some.


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