ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Up 139.6% in June

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,265 shares, an increase of 139.6% from the June 15th total of 528 shares. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.4% of the company’s stock are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

Shares of ProShares Ultra Nasdaq Cloud Computing ETF stock traded down $0.57 during midday trading on Thursday, hitting $36.69. The company had a trading volume of 1,864 shares, compared to its average volume of 2,644. The company has a 50 day moving average of $36.80 and a 200 day moving average of $31.88. The stock has a market capitalization of $3.30 million, a P/E ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a 52-week low of $22.55 and a 52-week high of $49.14.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were issued a dividend of $0.044 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.18 annualized dividend and a dividend yield of 0.5%.

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.