ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Trading Down 4.9% – Here’s Why

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) shares fell 4.9% on Thursday . The company traded as low as $42.59 and last traded at $42.96. 6,823 shares changed hands during mid-day trading, an increase of 151% from the average session volume of 2,722 shares. The stock had previously closed at $45.18.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Down 4.9%

The firm has a fifty day moving average of $53.68 and a 200-day moving average of $57.28. The stock has a market capitalization of $3.44 million, a price-to-earnings ratio of 24.20 and a beta of 1.69.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a $0.3793 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $1.52 annualized dividend and a dividend yield of 3.5%. This is a boost from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Cybersecurity ETF

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC purchased a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 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.