ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Sees Significant Decrease in Short Interest

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,700 shares, a decrease of 15.0% from the February 28th total of 2,000 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 5,000 shares, the days-to-cover ratio is currently 0.3 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Up 3.3 %

NASDAQ SKYU opened at $26.89 on Thursday. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $18.45 and a 52 week high of $43.79. The company has a market capitalization of $2.42 million, a P/E ratio of 26.59 and a beta of 2.13. The stock’s 50-day moving average price is $34.77 and its 200-day moving average price is $34.24.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were paid a dividend of $0.0054 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.08%. The ex-dividend date of this dividend was Wednesday, March 26th.

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.