ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 62.2% in December

Posted by Stacy Sanders on Jan 14th, 2025

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,400 shares, a decline of 62.2% from the December 15th total of 3,700 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 0.4 days.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 2.7 %

Shares of ProShares Ultra Nasdaq Cloud Computing ETF stock traded up $0.93 during trading on Tuesday, reaching $35.66. The company’s stock had a trading volume of 2,780 shares, compared to its average volume of 3,488. The business’s 50-day moving average price is $37.73 and its 200-day moving average price is $29.80. 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 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. The ex-dividend date of this dividend was Monday, December 23rd. This is a boost from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03.

ProShares Ultra Nasdaq Cloud Computing ETF Company Profile

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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.