Short Interest in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Drops By 62.2%

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,400 shares, a decrease of 62.2% from the December 31st total of 3,700 shares. Based on an average daily volume of 3,800 shares, the days-to-cover ratio is currently 0.4 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

Shares of SKYU stock traded up $2.73 during trading hours on Tuesday, reaching $41.06. The company had a trading volume of 5,582 shares, compared to its average volume of 4,049. The company has a 50 day moving average of $38.38 and a 200 day moving average of $30.75. 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 Increases Dividend

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

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.