ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Shares Down 5.1% – Here’s Why

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU)’s share price traded down 5.1% on Thursday . The company traded as low as $24.94 and last traded at $25.4660. 3,132 shares traded hands during mid-day trading, an increase of 147% from the average session volume of 1,268 shares. The stock had previously closed at $26.83.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 9.1%

The stock has a 50-day moving average price of $35.33 and a 200 day moving average price of $37.16. The stock has a market capitalization of $1.36 million, a price-to-earnings ratio of 29.23 and a beta of 2.43.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a $0.1216 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from ProShares Ultra Nasdaq Cloud Computing ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, December 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.