ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Update

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 3,700 shares, a decrease of 35.1% from the November 30th total of 5,700 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.9 days.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Down 3.6 %

Shares of NASDAQ SKYU traded down $1.33 during midday trading on Monday, hitting $36.09. The company had a trading volume of 4,420 shares, compared to its average volume of 2,734. 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 simple moving average of $36.08 and a two-hundred day simple moving average of $28.75.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.0419 per share. This is a positive change from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03. The ex-dividend date is 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.