ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Up 1,025.9% in January

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,824 shares, a growth of 1,025.9% from the January 15th total of 162 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 2,870 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 2,870 shares, the short-interest ratio is presently 0.6 days. Currently, 2.3% of the company’s stock are sold short.

Institutional Investors 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 acquired a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 Up 1.7%

Shares of UCYB opened at $48.18 on Wednesday. ProShares Ultra Nasdaq Cybersecurity ETF has a twelve month low of $34.96 and a twelve month high of $64.75. The stock has a market capitalization of $3.85 million, a P/E ratio of 24.20 and a beta of 1.69. The company has a 50 day moving average of $53.15 and a 200-day moving average of $56.96.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a $0.3793 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.1%. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, December 24th.

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.