Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Declines By 48.4%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 723 shares, a decline of 48.4% from the June 15th total of 1,402 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 2,321 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of ProShares Ultra Nasdaq Cybersecurity ETF

A hedge fund recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC purchased a new position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned approximately 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF as of its most recent SEC filing.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 1.8%

Shares of ProShares Ultra Nasdaq Cybersecurity ETF stock traded down $1.54 during trading hours on Wednesday, hitting $82.88. 5,910 shares of the company were exchanged, compared to its average volume of 3,940. The business has a 50-day moving average of $69.58 and a 200-day moving average of $54.01. ProShares Ultra Nasdaq Cybersecurity ETF has a 1 year low of $36.03 and a 1 year high of $86.93. The stock has a market capitalization of $9.12 million, a price-to-earnings ratio of 24.20 and a beta of 1.89.

ProShares Ultra Nasdaq Cybersecurity ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.2503 per share. The ex-dividend date was Wednesday, June 24th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%.

ProShares Ultra Nasdaq Cybersecurity ETF Company Profile

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.