Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Drops By 75.0%

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

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

ProShares Ultra Nasdaq Cybersecurity ETF stock opened at $45.64 on Friday. The company has a market capitalization of $4.11 million, a price-to-earnings ratio of 24.20 and a beta of 1.67. ProShares Ultra Nasdaq Cybersecurity ETF has a 1 year low of $34.14 and a 1 year high of $61.04. The company’s 50 day simple moving average is $52.43 and its 200-day simple moving average is $48.91.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed 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 1.24%. The ex-dividend date 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.