ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Trading 0.8% Higher – Time to Buy?

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) shot up 0.8% on Thursday . The company traded as high as $42.61 and last traded at $42.59. 420 shares changed hands during trading, a decline of 86% from the average session volume of 2,919 shares. The stock had previously closed at $42.24.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 4.0%

The firm’s fifty day moving average price is $45.81 and its 200-day moving average price is $54.17. The company has a market cap of $3.27 million, a price-to-earnings ratio of 24.20 and a beta of 1.69.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were issued a $0.3793 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.7%. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30. 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 acquired a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF as of its most recent filing with the SEC.

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.