ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Short Interest Down 75.0% in March

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the target of a significant drop in short interest in 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. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Down 3.5 %

UCYB opened at $48.14 on Friday. The company has a market cap of $4.33 million, a PE ratio of 24.20 and a beta of 1.67. ProShares Ultra Nasdaq Cybersecurity ETF has a twelve month low of $34.14 and a twelve month high of $61.04. The company has a 50-day moving average price of $52.52 and a 200 day moving average price of $48.86.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th will be issued a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 1.18%.

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.