ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Sees Significant Increase in Short Interest

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,824 shares, a growth of 1,025.9% from the January 15th total of 162 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,870 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 2,870 shares, the short-interest ratio is presently 0.6 days. Currently, 2.3% of the shares of the company are short sold.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of UCYB stock traded up $0.82 during trading on Tuesday, hitting $48.18. The company had a trading volume of 3,061 shares, compared to its average volume of 3,139. ProShares Ultra Nasdaq Cybersecurity ETF has a one year low of $34.96 and a one year high of $64.75. The firm has a market capitalization of $3.85 million, a P/E ratio of 24.20 and a beta of 1.69. The stock’s 50-day moving average price is $53.15 and its 200 day moving average price is $56.96.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.3793 per share. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent quarter.

About ProShares Ultra Nasdaq Cybersecurity ETF

The ProShares Ultra Nasdaq Cybersecurity (UCYB) is an exchange-traded fund that is based on the Nasdaq CTA Cybersecurity index. The fund provides daily 2x leveraged exposure to a liquidity-weighted index that targets companies engaged in the global cybersecurity industry. UCYB was launched on Jan 19, 2021 and is managed by ProShares.