Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Declines By 61.0%

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

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 stake in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 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 as of its most recent SEC filing.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

Shares of ProShares Ultra Nasdaq Cybersecurity ETF stock opened at $81.29 on Friday. ProShares Ultra Nasdaq Cybersecurity ETF has a 1 year low of $36.03 and a 1 year high of $97.57. The business has a 50 day moving average price of $82.87 and a 200 day moving average price of $63.93. The company has a market capitalization of $7.32 million, a P/E ratio of 24.20 and a beta of 1.89.

ProShares Ultra Nasdaq Cybersecurity ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.2503 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $1.00 annualized dividend and a yield of 1.2%.

About ProShares Ultra Nasdaq Cybersecurity ETF

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.