ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 85.5% in July

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 444 shares, a drop of 85.5% from the July 15th total of 3,066 shares. Based on an average daily volume of 1,565 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 0.6%

Shares of SKYU stock traded up $0.29 on Wednesday, reaching $51.27. 3,910 shares of the stock were exchanged, compared to its average volume of 2,820. The company has a market capitalization of $4.61 million, a price-to-earnings ratio of 29.23 and a beta of 2.51. The business’s 50 day moving average price is $38.33 and its 200 day moving average price is $32.55. ProShares Ultra Nasdaq Cloud Computing ETF has a twelve month low of $22.55 and a twelve month high of $52.06.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th were given a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 24th.

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.