ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Up 160.1% in April

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 5,576 shares, an increase of 160.1% from the March 31st total of 2,144 shares. Currently, 6.2% of the shares of the stock are sold short. Based on an average trading volume of 5,658 shares, the days-to-cover ratio is currently 1.0 days.

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 bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 Securities & Exchange Commission.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of UCYB opened at $44.27 on Monday. The company has a market cap of $3.98 million, a PE ratio of 24.20 and a beta of 1.73. The stock has a 50-day moving average price of $41.55 and a 200-day moving average price of $50.62. ProShares Ultra Nasdaq Cybersecurity ETF has a 12-month low of $36.03 and a 12-month high of $64.75.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.2722 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, March 25th.

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.