ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,265 shares, a growth of 139.6% from the June 15th total of 528 shares. Based on an average trading volume of 2,100 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the company’s stock are sold short.
ProShares Ultra Nasdaq Cloud Computing ETF Stock Up 0.0%
Shares of NASDAQ:SKYU traded up $0.00 during midday trading on Wednesday, reaching $38.63. 650 shares of the company were exchanged, compared to its average volume of 2,669. The firm has a market cap of $3.48 million, a PE ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a fifty-two week low of $22.55 and a fifty-two week high of $49.14. The stock has a fifty day simple moving average of $36.71 and a two-hundred day simple moving average of $31.88.
ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were paid a $0.044 dividend. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.18 annualized dividend and a dividend yield of 0.5%.
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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