ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Shares Up 4.1% – Still a Buy?

Shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) traded up 4.1% during mid-day trading on Monday . The stock traded as high as $63.26 and last traded at $63.13. 9,050 shares changed hands during mid-day trading, an increase of 158% from the average session volume of 3,506 shares. The stock had previously closed at $60.67.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Up 3.0%

The company has a 50 day simple moving average of $45.36 and a 200-day simple moving average of $49.69. The stock has a market capitalization of $5.81 million, a price-to-earnings ratio of 24.20 and a beta of 1.69.

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 paid a $0.2722 dividend. The ex-dividend date of this dividend was Wednesday, March 25th. This represents a $1.09 annualized dividend and a yield of 1.7%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC bought a new stake in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent reporting period.

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.