CIBR Stock Summary and Trading Ideas (First Trust Nasdaq Cybersecurity ETF | NASDAQ:CIBR)

The Fund seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an equity index called the Nasdaq CTA Cybersecurity Index. The Nasdaq CTA Cybersecurity Index is designed to track the performance of companies engaged in the cybersecurity segment of the technology and industrials sectors. To be included in the index, a security must be listed on an index-eligible global stock exchange and classified as a cybersecurity company as determined by the Consumer Technology Association. Each security must have a worldwide market capitalization of $250 million, have a minimum three-month average daily dollar trading volume of $1 million, and have a minimum free float of 20%. The index is evaluated semi-annually in March and September, but if at any time during the year other than the evaluation, an index security no longer meets the eligibility criteria, or is otherwise determined to have become ineligible for inclusion in the index, the security is removed from the index and is not replaced. The index employs a modified liquidity weighted methodology which includes caps on the percentage of any individual security to derive the final weights of the securities. The index is rebalanced quarterly.

First Trust Nasdaq Cybersecurity ETF trades on the NASDAQ stock market under the symbol CIBR.

As of April 18, 2024, CIBR stock price declined to $52.83 with 947,224 million shares trading.

CIBR has a beta of 1.18, meaning it tends to be more sensitive to market movements. CIBR has a correlation of 0.50 to the broad based SPY ETF.

CIBR has a market cap of $6.22 billion. This is considered a Mid Cap stock.

In the last 3 years, CIBR stock traded as high as $59.33 and as low as $36.03.

CIBR has outperformed the market in the last year with a return of +25.4%, while the SPY ETF gained +22.3%. However, in the most recent history, CIBR shares have underperformed the stock market with its stock returning -2.8% in the last 3 month period and -5.4% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

CIBR support price is $52.29 and resistance is $53.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CIBR stock will trade within this expected range on the day.