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

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

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

Shares of NASDAQ SKYU traded up $0.36 during mid-day trading on Friday, reaching $34.27. The company’s stock had a trading volume of 8,630 shares, compared to its average volume of 3,133. The stock has a 50-day moving average of $38.76 and a two-hundred day moving average of $33.48. The stock has a market capitalization of $3.08 million, a P/E ratio of 32.93 and a beta of 2.13. ProShares Ultra Nasdaq Cloud Computing ETF has a 1-year low of $18.45 and a 1-year high of $43.79.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.0419 dividend. This is a boost from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03. The ex-dividend date was Monday, December 23rd.

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.