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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,754 shares, an increase of 428.3% from the August 31st total of 332 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 18,361 shares, the short-interest ratio is currently 0.1 days.

ProShares Ultra Nasdaq Cloud Computing ETF Price Performance

Shares of SKYU stock traded down $0.91 during trading on Friday, reaching $53.00. The company had a trading volume of 1,052 shares, compared to its average volume of 3,715. The firm’s 50 day simple moving average is $47.85 and its two-hundred day simple moving average is $37.89. ProShares Ultra Nasdaq Cloud Computing ETF has a one year low of $22.55 and a one year high of $55.90. The company has a market capitalization of $6.36 million, a PE ratio of 29.23 and a beta of 2.54.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Cloud Computing ETF

A hedge fund recently raised its position in ProShares Ultra Nasdaq Cloud Computing ETF stock. Citadel Advisors LLC lifted its position in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) by 156.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,506 shares of the company’s stock after buying an additional 23,506 shares during the quarter. Citadel Advisors LLC owned about 9.45% of ProShares Ultra Nasdaq Cloud Computing ETF worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

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.