ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Short Interest Up 128.6% in November

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 128.6% from the October 31st total of 700 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is presently 0.5 days.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 4.3 %

SKYU traded down $1.69 during trading on Thursday, hitting $37.80. The company had a trading volume of 12,858 shares, compared to its average volume of 2,483. ProShares Ultra Nasdaq Cloud Computing ETF has a 1-year low of $18.06 and a 1-year high of $40.00. The business has a 50-day moving average of $30.65 and a 200-day moving average of $26.19.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were given a dividend of $0.0333 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

ProShares Ultra Nasdaq Cloud Computing ETF Company Profile

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.