ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Shares Down 4.9% – What’s Next?

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB)’s share price fell 4.9% during mid-day trading on Thursday . The stock traded as low as $42.59 and last traded at $42.96. 6,823 shares traded hands during mid-day trading, an increase of 151% from the average session volume of 2,722 shares. The stock had previously closed at $45.18.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

The stock has a market cap of $3.67 million, a P/E ratio of 24.20 and a beta of 1.69. The company has a fifty day moving average of $53.47 and a 200 day moving average of $57.18.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were paid a dividend of $0.3793 per share. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30. This represents a $1.52 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On ProShares Ultra Nasdaq Cybersecurity ETF

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned approximately 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent quarter.

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.