ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Up 169.3% in March

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 2,144 shares, a growth of 169.3% from the March 15th total of 796 shares. Based on an average daily trading volume, of 2,411 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.4% of the company’s shares are sold short.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of UCYB stock opened at $36.35 on Friday. ProShares Ultra Nasdaq Cybersecurity ETF has a fifty-two week low of $36.03 and a fifty-two week high of $64.75. The stock has a 50 day moving average price of $42.15 and a two-hundred day moving average price of $52.10. The company has a market capitalization of $3.27 million, a P/E ratio of 24.20 and a beta of 1.73.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a $0.2722 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $1.09 annualized dividend and a yield of 3.0%.

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 acquired a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF as of its most recent filing with the Securities & Exchange Commission.

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.