Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Declines By 73.6%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,560 shares, a decrease of 73.6% from the May 14th total of 5,917 shares. Based on an average trading volume of 6,617 shares, the short-interest ratio is currently 0.2 days. Currently, 1.7% of the shares of the company are sold short.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of NASDAQ UCYB traded down $0.03 during mid-day trading on Friday, hitting $69.41. The stock had a trading volume of 2,139 shares, compared to its average volume of 3,939. The company has a 50 day moving average of $55.86 and a two-hundred day moving average of $51.34. ProShares Ultra Nasdaq Cybersecurity ETF has a twelve month low of $36.03 and a twelve month high of $86.93. The firm has a market cap of $6.25 million, a PE ratio of 24.20 and a beta of 1.90.

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 issued a $0.2722 dividend. This represents a $1.09 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, March 25th.

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 bought a new position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 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.