ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Sees Significant Decline in Short Interest

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,560 shares, a decline of 73.6% from the May 14th total of 5,917 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,617 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 0.0%

UCYB stock traded down $0.03 during trading on Friday, hitting $69.41. The company had a trading volume of 2,139 shares, compared to its average volume of 3,939. The company has a fifty day moving average price of $55.27 and a two-hundred day moving average price of $51.22. The company has a market cap of $6.25 million, a P/E ratio of 24.20 and a beta of 1.90. ProShares Ultra Nasdaq Cybersecurity ETF has a fifty-two week low of $36.03 and a fifty-two week high of $86.93.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were paid a $0.2722 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $1.09 annualized dividend and a yield of 1.6%.

Institutional Trading of 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 stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

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.