ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Up 112.2% in August

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 15,118 shares, a growth of 112.2% from the July 30th total of 7,124 shares. Approximately 16.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,553 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On ProShares Ultra Nasdaq Cybersecurity ETF

An institutional investor 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 filing with the Securities & Exchange Commission. The fund 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 Stock Down 4.3%

ProShares Ultra Nasdaq Cybersecurity ETF stock opened at $89.40 on Friday. The stock has a market cap of $8.05 million, a price-to-earnings ratio of 24.20 and a beta of 1.88. The business has a 50-day simple moving average of $80.57 and a 200 day simple moving average of $61.27. ProShares Ultra Nasdaq Cybersecurity ETF has a 52 week low of $36.03 and a 52 week high of $97.57.

ProShares Ultra Nasdaq Cybersecurity ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were issued 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 dividend yield of 1.1%.

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.