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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,066 shares, an increase of 142.4% from the June 30th total of 1,265 shares. Approximately 3.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,868 shares, the days-to-cover ratio is presently 1.6 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

Shares of NASDAQ:SKYU opened at $36.68 on Tuesday. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $22.55 and a 52 week high of $49.14. The company has a market cap of $3.30 million, a PE ratio of 29.23 and a beta of 2.51. The firm has a 50 day simple moving average of $37.17 and a 200 day simple moving average of $31.83.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were given a $0.044 dividend. This represents a $0.18 annualized dividend and a yield of 0.5%. 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.