ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Trading 0.5% Higher – Time to Buy?

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) were up 0.5% on Friday . The company traded as high as $53.21 and last traded at $53.56. Approximately 169 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,725 shares. The stock had previously closed at $53.30.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

The company has a market cap of $7.50 million, a P/E ratio of 24.20 and a beta of 1.69. The business has a 50 day moving average price of $60.83 and a two-hundred day moving average price of $58.83.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were paid a dividend of $0.3041 per share. This represents a $1.22 annualized dividend and a dividend yield of 2.3%. This is a boost from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, September 24th.

Institutional Trading of ProShares Ultra Nasdaq Cybersecurity ETF

A hedge fund recently bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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 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.