ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Down 73.6% in May

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

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

UCYB traded up $1.78 during midday trading on Thursday, reaching $67.92. The company had a trading volume of 822 shares, compared to its average volume of 3,952. The stock has a market cap of $6.11 million, a PE ratio of 24.20 and a beta of 1.90. ProShares Ultra Nasdaq Cybersecurity ETF has a 12-month low of $36.03 and a 12-month high of $86.93. The business has a 50-day moving average price of $54.66 and a two-hundred day moving average price of $51.10.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were paid a $0.2722 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, March 25th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBFree Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

ProShares Ultra Nasdaq Cybersecurity ETF Company Profile

(Get Free Report)

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.

Further Reading

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