ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Sees Large Increase in Short Interest

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,551 shares, a growth of 249.3% from the July 30th total of 444 shares. Based on an average daily trading volume, of 7,250 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.7% of the company’s shares are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

SKYU opened at $49.91 on Thursday. The stock has a market capitalization of $4.49 million, a PE ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a 1 year low of $22.55 and a 1 year high of $55.90. The company’s 50 day simple moving average is $41.17 and its 200 day simple moving average is $34.11.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

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 0.4%. The ex-dividend date of this dividend 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.