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

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a decline of 75.0% from the February 28th total of 2,000 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 2,400 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

NASDAQ UCYB opened at $49.14 on Thursday. ProShares Ultra Nasdaq Cybersecurity ETF has a one year low of $34.14 and a one year high of $61.04. The company has a 50-day simple moving average of $52.55 and a 200-day simple moving average of $48.87. The firm has a market capitalization of $4.42 million, a PE ratio of 24.20 and a beta of 1.67.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

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

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.