Fortinet Holds Top-Four Spot in ETF Down 22% with Bullish RSI Signal
Fortinet is a top-four holding in the Global X Cybersecurity ETF, which slipped 22% over the past year and 7% year-to-date. The cybersecurity market will expand from $272 billion in 2025 to $663 billion by 2033 on an 11.9% CAGR, while its RSI lows hint at a bullish turnaround for Fortinet shares.
1. Fortinet’s Position in the Global X Cybersecurity ETF
Fortinet accounts for one of the top four holdings in the Global X Cybersecurity ETF, which has declined 22% over the past year and 7% year-to-date, dragging down major cybersecurity names despite rising sector demand.
2. Cybersecurity Market Growth Projections
The global cybersecurity market reached $272 billion in 2025 and is forecast to climb to $663 billion by 2033 at an 11.9% compound annual growth rate as enterprises and governments boost security spending.
3. ETF Technical Indicators Signal Rebound
The ETF’s relative strength index fell to 19.72 on Feb. 5, marking a one-year low that preceded a 5% gain, suggesting an oversold condition and a potential bullish reversal for funds holding Fortinet shares.
4. Institutional Inflows and Analyst Consensus
Institutional investors have poured over $211 million into the ETF over the past 12 months while short interest dropped from $38 million to $9.8 million, reflecting growing confidence in cybersecurity stocks including Fortinet.