ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) Trading Down 4.9% – Here’s Why

ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) shares were down 4.9% during mid-day trading on Thursday . The stock traded as low as $42.59 and last traded at $42.96. Approximately 6,823 shares changed hands during trading, an increase of 151% from the average daily volume of 2,722 shares. The stock had previously closed at $45.18.

ProShares Ultra Nasdaq Cybersecurity ETF Trading Down 4.9%

The company’s 50 day simple moving average is $53.68 and its 200 day simple moving average is $57.28. The stock has a market capitalization of $3.44 million, a PE ratio of 24.20 and a beta of 1.69.

ProShares Ultra Nasdaq Cybersecurity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 24th were given a dividend of $0.3793 per share. This represents a $1.52 annualized dividend and a yield of 3.5%. This is a boost from ProShares Ultra Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, December 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Ultra Nasdaq Cybersecurity ETF stock. Jane Street Group LLC acquired a new stake in shares of ProShares Ultra Nasdaq Cybersecurity ETF (NASDAQ:UCYB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,842 shares of the company’s stock, valued at approximately $302,000. Jane Street Group LLC owned about 6.05% of ProShares Ultra Nasdaq Cybersecurity ETF at the end of the most recent reporting period.

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.