Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Increases By 1,025.9%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,824 shares, a growth of 1,025.9% from the January 15th total of 162 shares. Based on an average daily volume of 2,870 shares, the days-to-cover ratio is presently 0.6 days. Currently, 2.3% of the shares of the stock are sold short. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 2,870 shares, the days-to-cover ratio is presently 0.6 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Down 4.0%

Shares of NASDAQ:UCYB opened at $46.25 on Thursday. The firm has a fifty day simple moving average of $52.94 and a two-hundred day simple moving average of $56.89. ProShares Ultra Nasdaq Cybersecurity ETF has a 52 week low of $34.96 and a 52 week high of $64.75. The stock has a market capitalization of $3.70 million, a P/E 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 Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were paid a $0.3793 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30.

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 acquired a new position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 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.