Short Interest in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Drops By 62.9%

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,300 shares, a drop of 62.9% from the January 31st total of 6,200 shares. Based on an average trading volume of 5,500 shares, the short-interest ratio is presently 0.4 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

Shares of ProShares Ultra Nasdaq Cloud Computing ETF stock opened at $33.98 on Friday. The firm has a 50-day moving average of $38.84 and a 200-day moving average of $33.40. ProShares Ultra Nasdaq Cloud Computing ETF has a 52-week low of $18.45 and a 52-week high of $43.79. The stock has a market cap of $3.06 million, a PE ratio of 32.93 and a beta of 2.13.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.0419 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03.

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.