ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Trading Down 6.9% – Here’s Why

Shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) traded down 6.9% on Tuesday . The company traded as low as $63.84 and last traded at $65.91. 5,077 shares were traded during mid-day trading, an increase of 27% from the average session volume of 3,998 shares. The stock had previously closed at $70.82.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

The stock has a 50 day moving average of $55.27 and a two-hundred day moving average of $51.22. The firm has a market capitalization of $6.25 million, a P/E ratio of 24.20 and a beta of 1.90.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were given a $0.2722 dividend. This represents a $1.09 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 25th.

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 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 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 SEC filing.

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.