ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 83.2% in June

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYUGet Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 528 shares, a decrease of 83.2% from the May 31st total of 3,146 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,103 shares, the short-interest ratio is currently 0.1 days.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 4.0%

NASDAQ SKYU opened at $31.96 on Friday. The firm has a market capitalization of $2.88 million, a price-to-earnings ratio of 29.23 and a beta of 2.51. The firm’s 50 day simple moving average is $34.64 and its 200 day simple moving average is $31.96. ProShares Ultra Nasdaq Cloud Computing ETF has a 1 year low of $22.55 and a 1 year high of $49.14.

ProShares Ultra Nasdaq Cloud Computing ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 24th will be paid a dividend of $0.044 per share. The ex-dividend date is Wednesday, June 24th. This represents a $0.18 annualized dividend and a yield of 0.6%.

ProShares Ultra Nasdaq Cloud Computing ETF Company Profile

(Get Free Report)

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.

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