ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 444 shares, a decline of 85.5% from the July 15th total of 3,066 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,565 shares, the days-to-cover ratio is presently 0.3 days.
ProShares Ultra Nasdaq Cloud Computing ETF Price Performance
Shares of ProShares Ultra Nasdaq Cloud Computing ETF stock traded up $0.29 during trading hours on Wednesday, hitting $51.27. The company had a trading volume of 3,910 shares, compared to its average volume of 2,820. The company’s 50-day moving average is $38.33 and its two-hundred day moving average is $32.55. The company has a market cap of $4.61 million, a P/E ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a twelve month low of $22.55 and a twelve month high of $52.06.
ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were paid a $0.044 dividend. This represents a $0.18 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 24th.
About ProShares Ultra Nasdaq Cloud Computing ETF
The ProShares Ultra Cloud Computing (SKYU) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund provides 2x leveraged exposure to a modified-equally-weighted index of US companies in the cloud computing industry. SKYU was launched on Jan 19, 2021 and is managed by ProShares.
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