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

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

ProShares Ultra Nasdaq Cybersecurity ETF Stock Down 0.5 %

NASDAQ UCYB traded down $0.26 during trading hours on Tuesday, hitting $50.22. 257 shares of the company were exchanged, compared to its average volume of 2,119. The stock has a 50-day moving average price of $44.17 and a 200 day moving average price of $41.19. ProShares Ultra Nasdaq Cybersecurity ETF has a 52 week low of $29.96 and a 52 week high of $50.55. The stock 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 business also recently disclosed a dividend, which was paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 25th were paid a dividend of $0.259 per share. This is a boost 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.