ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Sees Large Decline in Short Interest

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,901 shares, a decrease of 61.0% from the August 15th total of 15,118 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 7,690 shares, the days-to-cover ratio is currently 0.8 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of ProShares Ultra Nasdaq Cybersecurity ETF stock traded up $10.53 during trading on Monday, reaching $91.82. The company’s stock had a trading volume of 21,120 shares, compared to its average volume of 4,933. ProShares Ultra Nasdaq Cybersecurity ETF has a one year low of $36.03 and a one year high of $97.57. The firm has a market cap of $8.26 million, a price-to-earnings ratio of 24.20 and a beta of 1.89. The business’s fifty day moving average price is $82.87 and its 200-day moving average price is $64.12.

ProShares Ultra Nasdaq Cybersecurity ETF Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Investors Weigh In On 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:UCYB) during the second quarter, according to its most recent 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 approximately 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent quarter.

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.