ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Stock Price Down 1% – Time to Sell?

Shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) were down 1% on Thursday . The company traded as low as $53.40 and last traded at $53.3350. Approximately 1,443 shares were traded during trading, a decline of 19% from the average daily volume of 1,774 shares. The stock had previously closed at $53.89.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

The business’s 50 day moving average is $55.86 and its 200-day moving average is $58.39. The company has a market cap of $4.27 million, a PE ratio of 24.20 and a beta of 1.69.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a $0.3793 dividend. This is a boost from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30. This represents a $1.52 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, December 24th.

Hedge Funds 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 purchased a new position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

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.