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

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a decrease of 66.7% from the October 15th total of 300 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 0.1 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of NASDAQ UCYB traded down $0.26 during mid-day trading on Tuesday, hitting $50.22. The stock had a trading volume of 257 shares, compared to its average volume of 2,119. The company has a 50 day moving average of $44.17 and a two-hundred day moving average of $41.19. ProShares Ultra Nasdaq Cybersecurity ETF has a twelve month low of $29.96 and a twelve month high of $50.55. The firm has a market cap of $4.52 million, a PE ratio of 24.20 and a beta of 1.67.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were given a $0.259 dividend. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Wednesday, September 25th.

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.