Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Increases By 57.3%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 796 shares, an increase of 57.3% from the February 26th total of 506 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 1,985 shares, the days-to-cover ratio is currently 0.4 days.

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 bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent quarter.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

UCYB stock opened at $36.67 on Friday. ProShares Ultra Nasdaq Cybersecurity ETF has a 1 year low of $34.96 and a 1 year high of $64.75. The firm has a market cap of $2.93 million, a P/E ratio of 24.20 and a beta of 1.69. The stock has a 50-day simple moving average of $44.47 and a 200-day simple moving average of $53.59.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th will be issued a $0.2722 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, March 25th.

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.