Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Rises By 1,047.2%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 7,124 shares, an increase of 1,047.2% from the July 15th total of 621 shares. Approximately 7.9% of the shares of the stock are sold short. Based on an average trading volume of 5,155 shares, the days-to-cover ratio is currently 1.4 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of ProShares Ultra Nasdaq Cybersecurity ETF stock traded down $1.20 during trading hours on Tuesday, hitting $92.94. The company’s stock had a trading volume of 13,639 shares, compared to its average volume of 4,563. The business has a 50 day moving average price of $76.13 and a two-hundred day moving average price of $57.58. ProShares Ultra Nasdaq Cybersecurity ETF has a 12-month low of $36.03 and a 12-month high of $95.21. The company has a market cap of $8.36 million, a PE ratio of 24.20 and a beta of 1.88.

ProShares Ultra Nasdaq Cybersecurity ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a dividend of $0.2503 per share. The ex-dividend date was Wednesday, June 24th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC purchased a new position in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund 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 quarter.

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.