ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Sees Significant Drop in Short Interest

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 528 shares, a decline of 83.2% from the May 31st total of 3,146 shares. Based on an average trading volume of 6,103 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 4.0%

Shares of NASDAQ SKYU opened at $31.96 on Friday. The company has a market cap of $2.88 million, a price-to-earnings ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a 12 month low of $22.55 and a 12 month high of $49.14. The stock has a 50-day moving average price of $34.64 and a two-hundred day moving average price of $31.96.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th will be given a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, June 24th.

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.