ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 332 shares, a decrease of 78.6% from the August 15th total of 1,551 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 3,618 shares, the short-interest ratio is presently 0.1 days.
ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance
Shares of NASDAQ SKYU traded up $1.11 during midday trading on Friday, hitting $48.74. The company’s stock had a trading volume of 1,449 shares, compared to its average volume of 3,847. ProShares Ultra Nasdaq Cloud Computing ETF has a 1-year low of $22.55 and a 1-year high of $55.90. The firm’s fifty day moving average price is $44.98 and its 200-day moving average price is $36.01. The firm has a market cap of $4.39 million, a P/E ratio of 29.23 and a beta of 2.54.
Hedge Funds Weigh In On ProShares Ultra Nasdaq Cloud Computing ETF
A hedge fund recently raised its stake in ProShares Ultra Nasdaq Cloud Computing ETF stock. Citadel Advisors LLC lifted its stake in shares of ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Free Report) by 156.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,506 shares of the company’s stock after purchasing an additional 23,506 shares during the quarter. Citadel Advisors LLC owned about 9.45% of ProShares Ultra Nasdaq Cloud Computing ETF worth $308,000 as of its most recent filing with the Securities and Exchange Commission.
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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