HACK

The Week

HACK.US closed the week at $118.35, down 0.27%, while the S&P 500 rose 1.21%, leaving the ETF about 1.48 percentage points behind the benchmark. The week ranged 5.5% and followed a rise-then-fade pattern: it opened at $119 on Monday, climbed through Wednesday to a weekly high of $124.42, eased on Thursday, then dropped sharply on Friday to finish near the bottom of a $117.87 to $122.42 range. Daily volume averaged roughly 352k shares, about 38% above the 60-day median, a clear pickup in activity.

Sector News

Cyber security news flow was heavy this week. Palo Alto Networks’ CEO called the AI slowdown argument ‘unrealistic,’ and the stock fell 3.9% the same day. Zscaler dropped 8.68% after naming a new chief revenue officer, at one point down 9.39% for its worst day in four months. Cloudflare saw multiple insider sales while consensus price targets moved higher; Okta unveiled its AI Agent Security Blueprint Alliance at Oktane, with several brokers raising targets to the $230-$235 zone. The DOJ closed its probe of CrowdStrike deals with no charges, though its CEO sold $4.71m in shares. Akamai jumped after an $11.6bn deal with Anthropic.

The Week Ahead

Next week brings a run of US macro data: the Dallas Fed manufacturing index on 28 September, then FHFA house prices, Case-Shiller home prices, JOLTS job openings and consumer confidence on 29 September. These may shape risk appetite for tech growth. Within the sector, whether this week’s laggards Zscaler and Palo Alto Networks can stabilise, and how the AI agent security debate develops, are worth tracking.

In Short

HACK.US faded after an early push and underperformed the S&P 500, but heavier volume suggests the sector still has market attention. Internally, the tape split: Okta and Akamai caught positive headlines, while Zscaler and Palo Alto Networks were pressured by a C-suite change and AI-related concerns. The latest session’s flow was mixed, with medium-sized orders net sellers and smaller orders net buyers. Next week’s macro prints and the mood in US tech will determine whether this ETF stays rangebound or regains momentum.

This article is generated by LongbridgeAI from market data, for information only and not investment advice.