ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 33.3% in August

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 200 shares, adropof33.3% from the July 31st total of 300 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.2 days.

ProShares Ultra Nasdaq Cloud Computing ETF Price Performance

SKYU opened at $38.00 on Monday. The business has a fifty day simple moving average of $34.16 and a 200 day simple moving average of $30.45. The company has a market capitalization of $3.42 million, a PE ratio of 29.23 and a beta of 2.13. ProShares Ultra Nasdaq Cloud Computing ETF has a 1 year low of $17.38 and a 1 year high of $43.79.

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.