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

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of NASDAQ:UCYB opened at $39.66 on Friday. The company has a market cap of $3.17 million, a P/E ratio of 24.20 and a beta of 1.69. ProShares Ultra Nasdaq Cybersecurity ETF has a one year low of $34.96 and a one year high of $64.75. The business’s 50-day simple moving average is $44.80 and its 200 day simple moving average is $53.75.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be given a $0.2722 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This represents a $1.09 annualized dividend and a yield of 2.7%.

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.