Short Interest in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Rises By 139.6%

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,265 shares, a growth of 139.6% from the June 15th total of 528 shares. Currently, 1.4% of the shares of the stock are short sold. Based on an average daily volume of 2,100 shares, the days-to-cover ratio is currently 0.6 days.

ProShares Ultra Nasdaq Cloud Computing ETF Price Performance

SKYU stock traded down $0.35 during trading on Tuesday, reaching $38.62. 5,262 shares of the company were exchanged, compared to its average volume of 2,685. The company has a 50-day moving average of $36.64 and a two-hundred day moving average of $31.87. The company has a market capitalization of $3.48 million, a price-to-earnings ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a twelve month low of $22.55 and a twelve month high of $49.14.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th were paid a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.5%. 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.