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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,551 shares, a growth of 249.3% from the July 30th total of 444 shares. Based on an average trading volume of 7,250 shares, the short-interest ratio is presently 0.2 days. Currently, 1.7% of the shares of the stock are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Price Performance

SKYU stock traded up $0.17 during midday trading on Friday, reaching $54.17. 923 shares of the stock were exchanged, compared to its average volume of 2,901. The stock has a market capitalization of $4.88 million, a PE ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $22.55 and a 52 week high of $55.90. The company has a fifty day moving average price of $41.56 and a 200 day moving average price of $34.30.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

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

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.