ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Trading Down 1% – Should You Sell?

Posted by Joseph Casey on May 7th, 2026

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) shares dropped 1% during trading on Wednesday . The company traded as low as $33.13 and last traded at $34.50. Approximately 1,189 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 2,345 shares. The stock had previously closed at $34.86.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 1.0%

The company has a market cap of $3.11 million, a PE ratio of 29.23 and a beta of 2.39. The stock has a 50 day moving average price of $26.92 and a 200 day moving average price of $32.72.

ProShares Ultra Nasdaq Cloud Computing ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th were paid a $0.0574 dividend. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, March 25th.

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.