ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 332 shares, a drop of 78.6% from the August 15th total of 1,551 shares. Based on an average trading volume of 3,618 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the shares of the company are short sold.
ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 2.3%
NASDAQ:SKYU traded up $1.11 during mid-day trading on Friday, hitting $48.74. The stock had a trading volume of 1,449 shares, compared to its average volume of 3,847. The company has a 50 day simple moving average of $44.98 and a 200-day simple moving average of $36.01. The stock has a market capitalization of $4.39 million, a price-to-earnings ratio of 29.23 and a beta of 2.54. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $22.55 and a 52 week high of $55.90.
Institutional Investors Weigh In On ProShares Ultra Nasdaq Cloud Computing ETF
An institutional investor recently raised its position in ProShares Ultra Nasdaq Cloud Computing ETF stock. Citadel Advisors LLC lifted its holdings in shares of ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Free Report) by 156.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,506 shares of the company’s stock after buying an additional 23,506 shares during the period. Citadel Advisors LLC owned approximately 9.45% of ProShares Ultra Nasdaq Cloud Computing ETF worth $308,000 at the end of the most recent reporting period.
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.
Featured Stories
- Five stocks we like better than ProShares Ultra Nasdaq Cloud Computing ETF
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
- As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for ProShares Ultra Nasdaq Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Nasdaq Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.
