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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 444 shares, a drop of 85.5% from the July 15th total of 3,066 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 1,565 shares, the short-interest ratio is currently 0.3 days.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 6.8%

Shares of SKYU traded up $3.50 during mid-day trading on Thursday, reaching $55.32. The company had a trading volume of 4,266 shares, compared to its average volume of 2,871. ProShares Ultra Nasdaq Cloud Computing ETF has a fifty-two week low of $22.55 and a fifty-two week high of $55.90. The firm has a fifty day simple moving average of $38.49 and a 200-day simple moving average of $32.68. The stock has a market cap of $4.98 million, a price-to-earnings ratio of 29.23 and a beta of 2.51.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

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