ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Stock Price Down 5.1% – What’s Next?

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

The firm has a fifty day moving average price of $35.52 and a 200 day moving average price of $37.21. The firm has a market capitalization of $1.27 million, a PE ratio of 29.23 and a beta of 2.43.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1216 per share. This is an increase from ProShares Ultra Nasdaq Cloud Computing ETF’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.49 annualized dividend and a yield of 1.9%.

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.