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

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 1,400 shares, a drop of 36.4% from the September 15th total of 2,200 shares. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 1,500 shares, the short-interest ratio is presently 0.9 days.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

Shares of UCYB stock opened at $62.52 on Wednesday. The firm has a market cap of $5.00 million, a P/E ratio of 24.20 and a beta of 1.67. ProShares Ultra Nasdaq Cybersecurity ETF has a 1-year low of $34.96 and a 1-year high of $64.75. The firm has a fifty day moving average of $59.61 and a two-hundred day moving average of $56.40.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.3041 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.22 annualized dividend and a yield of 1.9%. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.18.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC purchased a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 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.

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.