ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 62.9% in February

by · The Cerbat Gem

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,300 shares, a drop of 62.9% from the January 31st total of 6,200 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is currently 0.4 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Down 4.7 %

Shares of NASDAQ SKYU opened at $33.98 on Friday. The company has a market cap of $3.06 million, a price-to-earnings ratio of 32.93 and a beta of 2.13. The firm’s fifty day moving average is $38.84 and its 200 day moving average is $33.40. ProShares Ultra Nasdaq Cloud Computing ETF has a 52 week low of $18.45 and a 52 week high of $43.79.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.0419 per share. This is an increase from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03. The ex-dividend date of this dividend was Monday, December 23rd.

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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