ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Down 35.1% in December

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

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 1.8 %

NASDAQ SKYU traded down $0.67 on Monday, hitting $36.75. The company’s stock had a trading volume of 4,631 shares, compared to its average volume of 2,734. The company’s 50-day moving average is $36.08 and its 200 day moving average is $28.75. 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 business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a dividend of $0.0419 per share. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from ProShares Ultra Nasdaq Cloud Computing ETF’s previous dividend of $0.03.

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.