Client First Investment Management LLC Purchases 41,775 Shares of ProShares Ultra Nasdaq Cloud Computing ETF $SKYU

Client First Investment Management LLC acquired a new position in shares of ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 41,775 shares of the company’s stock, valued at approximately $2,172,000. ProShares Ultra Nasdaq Cloud Computing ETF comprises about 1.0% of Client First Investment Management LLC’s portfolio, making the stock its 15th biggest position. Client First Investment Management LLC owned about 34.81% of ProShares Ultra Nasdaq Cloud Computing ETF as of its most recent SEC filing.

Separately, Citadel Advisors LLC grew its position in ProShares Ultra Nasdaq Cloud Computing ETF by 156.7% in the 2nd quarter. Citadel Advisors LLC now owns 8,506 shares of the company’s stock valued at $308,000 after acquiring an additional 23,506 shares during the last quarter.

ProShares Ultra Nasdaq Cloud Computing ETF Price Performance

Shares of SKYU stock opened at $58.86 on Friday. The company’s 50-day simple moving average is $51.44 and its two-hundred day simple moving average is $39.83. The company has a market capitalization of $7.06 million, a P/E ratio of 29.23 and a beta of 2.58. ProShares Ultra Nasdaq Cloud Computing ETF has a one year low of $22.55 and a one year high of $58.86.

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.