ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Update

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 723 shares, a decline of 48.4% from the June 15th total of 1,402 shares. Based on an average daily trading volume, of 2,321 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.7% of the shares of the company are short sold.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

Shares of UCYB traded down $1.54 during mid-day trading on Wednesday, reaching $82.88. 5,910 shares of the company’s stock were exchanged, compared to its average volume of 3,940. The stock has a market capitalization of $9.12 million, a PE ratio of 24.20 and a beta of 1.89. The business’s fifty day simple moving average is $69.58 and its 200-day simple moving average is $54.01. ProShares Ultra Nasdaq Cybersecurity ETF has a 52-week low of $36.03 and a 52-week high of $86.93.

ProShares Ultra Nasdaq Cybersecurity ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.2503 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, June 24th.

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 bought a new position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.