Short Interest in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Grows By 142.4%

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 3,066 shares, an increase of 142.4% from the June 30th total of 1,265 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 1,868 shares, the short-interest ratio is presently 1.6 days.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 0.7%

NASDAQ:SKYU traded up $0.27 on Wednesday, reaching $37.95. 2,074 shares of the stock traded hands, compared to its average volume of 2,587. The company has a market capitalization of $3.42 million, a price-to-earnings ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a 12 month low of $22.55 and a 12 month high of $49.14. The company’s fifty day simple moving average is $37.22 and its 200 day simple moving average is $31.82.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were issued a $0.044 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date 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.