ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,551 shares, an increase of 249.3% from the July 30th total of 444 shares. Based on an average daily trading volume, of 7,250 shares, the short-interest ratio is presently 0.2 days. Currently, 1.7% of the company’s shares are sold short.
ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 1.4%
ProShares Ultra Nasdaq Cloud Computing ETF stock opened at $53.22 on Friday. The firm has a market capitalization of $4.79 million, a P/E ratio of 29.23 and a beta of 2.51. The business has a 50-day moving average of $41.93 and a 200-day moving average of $34.43. ProShares Ultra Nasdaq Cloud Computing ETF has a 1 year low of $22.55 and a 1 year high of $55.90.
ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were paid a dividend of $0.044 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.18 annualized dividend and a yield of 0.3%.
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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