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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 2,300 shares, a decrease of 62.9% from the January 31st total of 6,200 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Up 1.1 %

Shares of SKYU traded up $0.36 on Friday, reaching $34.27. The stock had a trading volume of 8,630 shares, compared to its average volume of 3,137. ProShares Ultra Nasdaq Cloud Computing ETF has a twelve month low of $18.45 and a twelve month high of $43.79. The firm has a 50-day moving average of $38.76 and a 200 day moving average of $33.56. The firm has a market capitalization of $3.08 million, a PE ratio of 32.93 and a beta of 2.13.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.0419 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03.

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.