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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,265 shares, an increase of 139.6% from the June 15th total of 528 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.4% of the company’s shares are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

SKYU traded down $0.35 during mid-day trading on Tuesday, reaching $38.62. The stock had a trading volume of 5,262 shares, compared to its average volume of 2,685. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $22.55 and a 52 week high of $49.14. The firm’s fifty day simple moving average is $36.64 and its two-hundred day simple moving average is $31.87. The stock has a market capitalization of $3.48 million, a P/E ratio of 29.23 and a beta of 2.51.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a dividend of $0.044 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was 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.