Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Grows By 100.0%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 800 shares, an increase of 100.0% from the May 31st total of 400 shares. Based on an average trading volume of 1,500 shares, the days-to-cover ratio is currently 0.5 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Up 2.1 %

UCYB stock traded up $0.84 during midday trading on Friday, reaching $40.91. The company had a trading volume of 1,432 shares, compared to its average volume of 2,716. The firm has a market capitalization of $3.68 million, a PE ratio of 24.20 and a beta of 1.67. ProShares Ultra Nasdaq Cybersecurity ETF has a fifty-two week low of $26.39 and a fifty-two week high of $48.15. The stock has a 50 day moving average price of $38.58 and a 200 day moving average price of $40.38.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 26th will be issued a dividend of $0.3057 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.99%. This is a positive change from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, June 26th.

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.