ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Shares Down 0.1% – Should You Sell?

Shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) traded down 0.1% during trading on Wednesday . The company traded as low as $88.93 and last traded at $89.50. 10,648 shares changed hands during mid-day trading, an increase of 153% from the average session volume of 4,212 shares. The stock had previously closed at $89.59.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

The firm has a market capitalization of $8.05 million, a PE ratio of 24.20 and a beta of 1.88. The stock’s 50-day moving average price is $75.35 and its 200 day moving average price is $56.79.

ProShares Ultra Nasdaq Cybersecurity ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a $0.2503 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $1.00 annualized dividend and a yield of 1.1%.

Institutional Investors Weigh In On ProShares Ultra Nasdaq Cybersecurity ETF

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

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.