ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Stock Price Down 3.5% – Here’s Why

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBGet Free Report)’s share price traded down 3.5% during mid-day trading on Monday . The stock traded as low as $54.92 and last traded at $54.9156. 64 shares changed hands during trading, a decline of 96% from the average session volume of 1,634 shares. The stock had previously closed at $56.88.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 2.6%

The stock’s 50-day moving average price is $58.97 and its 200-day moving average price is $59.07. The stock has a market cap of $7.46 million, a price-to-earnings ratio of 24.20 and a beta of 1.69.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 24th were given a dividend of $0.3041 per share. This is a positive change from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.22 annualized dividend and a dividend yield of 2.3%.

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 purchased a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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

(Get Free Report)

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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