ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 500 shares, a decline of 61.5% from the September 15th total of 1,300 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is currently 0.5 days.
ProShares Ultra Nasdaq Cloud Computing ETF Price Performance
NASDAQ SKYU opened at $39.40 on Friday. The company’s 50 day simple moving average is $38.11 and its 200 day simple moving average is $32.67. ProShares Ultra Nasdaq Cloud Computing ETF has a 12 month low of $17.38 and a 12 month high of $43.79. The company has a market capitalization of $1.97 million, a P/E ratio of 29.23 and a beta of 2.13.
ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 24th were issued a $0.0771 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, September 24th.
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.
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