Short Interest in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Drops By 85.5%

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 444 shares, a decline of 85.5% from the July 15th total of 3,066 shares. Based on an average trading volume of 1,565 shares, the short-interest ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are sold short.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Down 3.9%

Shares of ProShares Ultra Nasdaq Cloud Computing ETF stock traded down $2.19 during midday trading on Friday, hitting $53.69. The company had a trading volume of 1,962 shares, compared to its average volume of 2,870. The stock has a market cap of $4.83 million, a price-to-earnings ratio of 29.23 and a beta of 2.51. The company has a fifty day simple moving average of $38.71 and a 200 day simple moving average of $32.84. ProShares Ultra Nasdaq Cloud Computing ETF has a 12-month low of $22.55 and a 12-month high of $55.90.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a $0.044 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.3%. 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.