ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Sees Large Drop in Short Interest

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 500 shares, a decrease of 75.0% from the February 28th total of 2,000 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 4.1 %

ProShares Ultra Nasdaq Cybersecurity ETF stock opened at $49.14 on Thursday. ProShares Ultra Nasdaq Cybersecurity ETF has a 12-month low of $34.14 and a 12-month high of $61.04. The stock has a market cap of $4.42 million, a P/E ratio of 24.20 and a beta of 1.67. The company has a fifty day simple moving average of $52.55 and a 200-day simple moving average of $48.87.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.57 dividend on an annualized basis and a yield of 1.15%.

About ProShares Ultra Nasdaq Cybersecurity ETF

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.