ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Stock Short Interest Drops 49.5%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,151 shares, a decrease of 49.5% from the September 15th total of 4,259 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 8,265 shares, the days-to-cover ratio is presently 0.3 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of UCYB stock opened at $104.26 on Wednesday. The company has a 50 day simple moving average of $91.17 and a two-hundred day simple moving average of $72.77. The stock has a market cap of $12.51 million, a P/E ratio of 24.20 and a beta of 1.87. ProShares Ultra Nasdaq Cybersecurity ETF has a 12 month low of $36.03 and a 12 month high of $110.00.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Wednesday, September 23rd were issued a dividend of $0.2893 per share. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.2503. This represents a $1.16 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, September 23rd.

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.