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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a large increase in short interest during the month of 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. Based on an average daily volume of 1,868 shares, the days-to-cover ratio is presently 1.6 days. Approximately 3.4% of the shares of the stock are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

ProShares Ultra Nasdaq Cloud Computing ETF stock opened at $37.95 on Thursday. The business’s fifty day moving average is $37.30 and its two-hundred day moving average is $31.83. The firm has a market cap of $3.42 million, a P/E 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 $49.14.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 24th were given a dividend of $0.044 per share. The ex-dividend date was Wednesday, June 24th. This represents a $0.18 annualized dividend and a yield of 0.5%.

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.