Client First Investment Management LLC Makes New $2.17 Million Investment in ProShares Ultra Nasdaq Cloud Computing ETF $SKYU

Client First Investment Management LLC bought a new position in shares of ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) during the 3rd quarter, HoldingsChannel reports. The firm bought 41,775 shares of the company’s stock, valued at approximately $2,172,000. ProShares Ultra Nasdaq Cloud Computing ETF makes up about 1.0% of Client First Investment Management LLC’s investment portfolio, making the stock its 15th largest position. Client First Investment Management LLC owned about 0.35% of ProShares Ultra Nasdaq Cloud Computing ETF as of its most recent SEC filing.

Separately, Citadel Advisors LLC boosted its holdings in ProShares Ultra Nasdaq Cloud Computing ETF by 156.7% in the second quarter. Citadel Advisors LLC now owns 8,506 shares of the company’s stock worth $308,000 after acquiring an additional 23,506 shares in the last quarter.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

Shares of SKYU stock opened at $58.86 on Friday. ProShares Ultra Nasdaq Cloud Computing ETF has a fifty-two week low of $22.55 and a fifty-two week high of $58.86. The firm has a market capitalization of $7.06 million, a price-to-earnings ratio of 29.23 and a beta of 2.58. The stock’s 50-day simple moving average is $51.44 and its 200-day simple moving average is $39.83.

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.