ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Update

Posted by Lauren Steadman on Dec 29th, 2024

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 3,700 shares, a drop of 35.1% from the November 30th total of 5,700 shares. Based on an average trading volume of 4,300 shares, the days-to-cover ratio is currently 0.9 days.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 3.6 %

ProShares Ultra Nasdaq Cloud Computing ETF stock traded down $1.41 during mid-day trading on Friday, hitting $37.42. 2,818 shares of the company traded hands, compared to its average volume of 2,728. ProShares Ultra Nasdaq Cloud Computing ETF has a one year low of $18.45 and a one year high of $43.79. The stock has a fifty day moving average price of $36.08 and a 200-day moving average price of $28.71.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

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

About ProShares Ultra Nasdaq Cloud Computing ETF

(Get Free Report)

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.