ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Announces Dividend Increase – $0.12 Per Share

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) declared a quarterly dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.1216 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 24th. This is a 57.8% increase from ProShares Ultra Nasdaq Cloud Computing ETF’s previous quarterly dividend of $0.08.

ProShares Ultra Nasdaq Cloud Computing ETF Price Performance

Shares of SKYU stock traded down $0.89 during trading hours on Wednesday, hitting $37.89. The stock had a trading volume of 347 shares, compared to its average volume of 2,557. The firm has a market capitalization of $1.89 million, a PE ratio of 29.23 and a beta of 2.43. ProShares Ultra Nasdaq Cloud Computing ETF has a twelve month low of $17.38 and a twelve month high of $45.55. The stock’s 50 day moving average is $39.26 and its 200 day moving average is $36.96.

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.