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

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 500 shares, a decline of 75.0% from the February 28th total of 2,000 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 2,400 shares, the days-to-cover ratio is currently 0.2 days.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 3.5 %

Shares of NASDAQ UCYB opened at $48.14 on Friday. The stock 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 12-month low of $34.14 and a 12-month high of $61.04. The company has a 50-day moving average of $52.52 and a 200 day moving average of $48.86.

ProShares Ultra Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th will be issued a $0.1415 dividend. The ex-dividend date is Wednesday, March 26th. This represents a $0.57 annualized dividend 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.