ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 3,066 shares, a growth of 142.4% from the June 30th total of 1,265 shares. Based on an average daily volume of 1,868 shares, the short-interest ratio is presently 1.6 days. Currently, 3.4% of the shares of the stock are sold short.
ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance
Shares of NASDAQ SKYU opened at $36.68 on Tuesday. ProShares Ultra Nasdaq Cloud Computing ETF has a 52-week low of $22.55 and a 52-week high of $49.14. The business has a fifty day moving average of $37.17 and a two-hundred day moving average of $31.83. The stock has a market cap of $3.30 million, a PE ratio of 29.23 and a beta of 2.51.
ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a dividend of $0.044 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.18 dividend on an annualized basis and a 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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