ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Down 73.6% in May

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,560 shares, a decrease of 73.6% from the May 14th total of 5,917 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average trading volume of 6,617 shares, the short-interest ratio is currently 0.2 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

ProShares Ultra Nasdaq Cybersecurity ETF stock traded up $1.78 during midday trading on Thursday, reaching $67.92. 822 shares of the stock were exchanged, compared to its average volume of 3,952. The company’s fifty day moving average is $54.66 and its 200-day moving average is $51.10. The firm has a market cap of $6.11 million, a PE ratio of 24.20 and a beta of 1.90. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a dividend of $0.2722 per share. This represents a $1.09 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 25th.

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 position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and 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.

About ProShares Ultra Nasdaq Cybersecurity ETF

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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.

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