Short Interest in ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Expands By 53.8%

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,000 shares, an increase of 53.8% from the February 13th total of 1,300 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 0.8 days. Currently, 2.2% of the company’s stock are short sold.

ProShares Ultra Nasdaq Cybersecurity ETF Price Performance

NASDAQ UCYB opened at $48.42 on Friday. The firm has a market cap of $4.36 million, a P/E ratio of 24.20 and a beta of 1.67. The stock’s 50-day moving average is $52.38 and its 200-day moving average is $48.42. ProShares Ultra Nasdaq Cybersecurity ETF has a one year low of $34.14 and a one year high of $61.04.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.3539 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from ProShares Ultra Nasdaq Cybersecurity ETF’s previous dividend of $0.26.

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.