ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 41.1% in April

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 3,007 shares, a decline of 41.1% from the April 15th total of 5,108 shares. Based on an average daily volume of 2,473 shares, the short-interest ratio is presently 1.2 days. Approximately 3.3% of the shares of the stock are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Up 0.7%

Shares of SKYU traded up $0.25 during trading hours on Friday, hitting $33.81. The company had a trading volume of 3,499 shares, compared to its average volume of 2,330. The firm has a market cap of $3.04 million, a P/E ratio of 29.23 and a beta of 2.39. The stock’s 50 day moving average price is $28.03 and its 200 day moving average price is $32.43. ProShares Ultra Nasdaq Cloud Computing ETF has a 52-week low of $22.55 and a 52-week high of $45.55.

ProShares Ultra Nasdaq Cloud Computing ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Wednesday, March 25th were issued a dividend of $0.0574 per share. This represents a $0.23 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Wednesday, March 25th.

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.