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

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBGet Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 15,118 shares, an increase of 112.2% from the July 30th total of 7,124 shares. Currently, 16.8% of the shares of the company are sold short. Based on an average daily volume of 12,553 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC bought a new position in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Down 4.3%

Shares of NASDAQ:UCYB opened at $89.40 on Friday. The firm has a market capitalization of $8.05 million, a PE ratio of 24.20 and a beta of 1.88. The company has a 50-day moving average price of $80.57 and a two-hundred day moving average price of $61.27. ProShares Ultra Nasdaq Cybersecurity ETF has a twelve month low of $36.03 and a twelve month high of $97.57.

ProShares Ultra Nasdaq Cybersecurity ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a $0.2503 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $1.00 annualized dividend and a yield of 1.1%.

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.

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