ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,007 shares, a decrease of 41.1% from the April 15th total of 5,108 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 2,473 shares, the days-to-cover ratio is currently 1.2 days.
ProShares Ultra Nasdaq Cloud Computing ETF Price Performance
ProShares Ultra Nasdaq Cloud Computing ETF stock traded down $0.88 during midday trading on Tuesday, reaching $33.30. The company’s stock had a trading volume of 260 shares, compared to its average volume of 2,302. The stock’s 50-day simple moving average is $28.16 and its 200-day simple moving average is $32.27. ProShares Ultra Nasdaq Cloud Computing ETF has a 52-week low of $22.55 and a 52-week high of $45.55. The stock has a market capitalization of $3.00 million, a P/E ratio of 29.23 and a beta of 2.39.
ProShares Ultra Nasdaq Cloud Computing ETF Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Wednesday, March 25th were issued a $0.0574 dividend. The ex-dividend date was Wednesday, March 25th. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%.
ProShares Ultra Nasdaq Cloud Computing ETF Company Profile
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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