ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Sees Large Decline in Short Interest

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 1,700 shares, a decline of 15.0% from the February 28th total of 2,000 shares. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.9% of the shares of the stock are sold short.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 2.4 %

Shares of ProShares Ultra Nasdaq Cloud Computing ETF stock traded up $0.62 on Wednesday, reaching $26.66. The stock had a trading volume of 460 shares, compared to its average volume of 3,288. The business’s 50 day moving average is $35.03 and its two-hundred day moving average is $34.30. The company has a market cap of $2.40 million, a P/E ratio of 26.59 and a beta of 2.13. ProShares Ultra Nasdaq Cloud Computing ETF has a 1 year low of $18.45 and a 1 year high of $43.79.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.0054 per share. The ex-dividend date was Wednesday, March 26th. This represents a $0.02 annualized dividend and a dividend yield of 0.08%.

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.