BUG - IHAK: Cybersecurity ETF Hit By Rise In Interest Rates Sell-Off An Opportunistic Entry Point

• The IHAK cybersecurity ETF had been on a nice run until the recent and rapid rise in the US 10-year Treasury yield prompted a sell-off in the shares.
• However, an increase in interest rates has in no way alleviated the need for businesses, consumers, and government to protect themselves from hackers.
• That being the case, the primary investment is still there - so it becomes a question of valuation.
• On that basis, valuation levels today are certainly much more favorable than they were just one month ago. Indeed, IHAK's average P/E has fallen below that of the S&P 500.

For further details see: