ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Down 69.2% in February

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 562 shares, a decrease of 69.2% from the January 29th total of 1,824 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 4,637 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 4,637 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.7% of the shares of the stock are sold short.

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 acquired a new stake in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 Stock Performance

Shares of NASDAQ UCYB opened at $39.55 on Thursday. The stock has a market capitalization of $3.16 million, a P/E ratio of 24.20 and a beta of 1.69. The stock’s fifty day moving average is $49.90 and its 200 day moving average is $55.83. ProShares Ultra Nasdaq Cybersecurity ETF has a 52 week low of $34.96 and a 52 week high of $64.75.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a $0.3793 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 24th. This is a boost from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30.

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.