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

Posted by Teresa Graham on Apr 3rd, 2025

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

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 twelve month low of $18.45 and a twelve month high of $43.79. The business has a 50-day moving average price of $34.77 and a 200-day moving average price of $34.24. The firm has a market cap of $2.42 million, a price-to-earnings ratio of 26.59 and a beta of 2.13.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

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

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.