Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Grows By 300.0%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 400 shares, an increase of 300.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Performance

Shares of UCYB traded down $0.53 during mid-day trading on Monday, hitting $37.69. 865 shares of the company traded hands, compared to its average volume of 2,537. ProShares Ultra Nasdaq Cybersecurity ETF has a 1 year low of $26.39 and a 1 year high of $48.15. The stock has a market cap of $3.39 million, a price-to-earnings ratio of 24.20 and a beta of 1.67. The stock has a 50-day moving average price of $39.10 and a two-hundred day moving average price of $40.45.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Wednesday, June 26th were given a dividend of $0.3057 per share. The ex-dividend date was Wednesday, June 26th. This is an increase from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.16. This represents a $1.22 annualized dividend and a yield of 3.24%.

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.