ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Update

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 796 shares, an increase of 57.3% from the February 26th total of 506 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 1,985 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

UCYB opened at $36.67 on Friday. The business has a fifty day moving average price of $44.47 and a 200 day moving average price of $53.55. ProShares Ultra Nasdaq Cybersecurity ETF has a 12 month low of $34.96 and a 12 month high of $64.75. The stock has a market capitalization of $2.93 million, a price-to-earnings ratio of 24.20 and a beta of 1.69.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be given a dividend of $0.2722 per share. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.0%.

Institutional Trading of ProShares Ultra Nasdaq Cybersecurity ETF

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC purchased a new position in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 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 as of its most recent SEC filing.

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.