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

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU)’s share price fell 5.1% during trading on Thursday . The stock traded as low as $24.94 and last traded at $25.4660. 3,132 shares were traded during 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 Price Performance

The firm has a fifty day moving average of $35.52 and a two-hundred day moving average of $37.21. The stock has a market capitalization of $1.27 million, a P/E ratio of 29.23 and a beta of 2.43.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a boost from ProShares Ultra Nasdaq Cloud Computing ETF’s previous quarterly dividend of $0.08.

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.