ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Trading Down 3.5% – Here’s What Happened

Shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBGet Free Report) fell 3.5% on Monday . The stock traded as low as $54.92 and last traded at $54.9156. 64 shares were traded during trading, a decline of 96% from the average session volume of 1,634 shares. The stock had previously closed at $56.88.

ProShares Ultra Nasdaq Cybersecurity ETF Stock Down 3.5%

The company has a market cap of $7.69 million, a P/E ratio of 24.20 and a beta of 1.69. The firm’s 50-day moving average price is $59.33 and its 200-day moving average price is $59.12.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 24th were paid a $0.3041 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.22 dividend on an annualized basis and a yield of 2.2%. This is a boost from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.18.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Cybersecurity ETF

An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYBFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned approximately 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent quarter.

About ProShares Ultra Nasdaq Cybersecurity ETF

(Get Free Report)

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.

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