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ISE ETF Ventures announced that Direxion Investments has licensed the ISE Cyber Security Index (index ticker: HXR) as the basis for two new leveraged exchange-traded funds (ETFs) that will seek to achieve 200 percent, and 200 percent of the inverse, of the daily performance of the index. The funds launched yesterday on NYSE Arca.
The ISE Cyber Security Index includes approximately 30 companies that develop hardware, software, or consulting services to protect files, websites, and networks from cyber threats and attacks. FireEye Inc. (ticker: FEYE), VASCO Data Security International Inc. (ticker: VDSI), Palo Alto Networks Inc. (ticker: PANW), Symantec Corp. (ticker: SYMC), and Juniper Networks Inc. (ticker: JNPR) are some of the index’s components.
“With two more ETFs based on HXR, the index has become a valuable tool for investors tracking cyber security, an industry gaining continued importance as an investment theme and as a necessary component of a connected global economy,” said Kris Monaco, Head of ISE ETF Ventures. “We are pleased to extend our relationship with Direxion to these two new funds, which provide a new approach to investing in cyber security.”
The Direxion leveraged ETFs are the second and third ETFs to track HXR, following PureFunds®’ cyber security ETF, which launched in November 2014.
“Cyber security continues to be a high-interest sector for traders and investors,” said Sylvia Jablonski, Managing Director at Direxion. “Our new leveraged ETFs enable traders to benefit from exposure to the sector, regardless of market conditions and performance, in a flexible way.”
Using an array of asset classes, ISE ETF Ventures builds innovative and investable indexes that track emerging industries and technologies. More information about ISE ETF Ventures, and its family of indexes, is available at www.ise.com/etfventures.
