ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 246 shares, a drop of 86.2% from the September 30th total of 1,788 shares. Based on an average trading volume of 7,690 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the company’s stock are sold short.
ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 2.7%
Shares of SKYU traded up $1.49 on Tuesday, reaching $56.56. The company’s stock had a trading volume of 1,663 shares, compared to its average volume of 3,882. ProShares Ultra Nasdaq Cloud Computing ETF has a twelve month low of $22.55 and a twelve month high of $58.86. The stock has a market capitalization of $4.52 million, a PE ratio of 29.23 and a beta of 2.58. The firm has a fifty day moving average of $52.23 and a 200-day moving average of $37.90.
Institutional Trading of ProShares Ultra Nasdaq Cloud Computing ETF
An institutional investor recently raised its position in ProShares Ultra Nasdaq Cloud Computing ETF stock. Citadel Advisors LLC boosted its holdings in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Free Report) by 156.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,506 shares of the company’s stock after purchasing an additional 23,506 shares during the period. Citadel Advisors LLC owned approximately 9.45% of ProShares Ultra Nasdaq Cloud Computing ETF worth $308,000 at the end of the most recent reporting period.
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.
Further Reading
- Five stocks we like better than ProShares Ultra Nasdaq Cloud Computing ETF
- Whirlpool’s Stock Collapse Raises a Bigger Question About Its Recovery Potential
- Analysts Turn Bullish on Meta Platforms Despite Post-Earnings Fall
- Approaching Earnings Season, Are Pure Play Quantum Stocks Still a Good Bet?
- Lockheed Martin’s F-35 Deal Could Change How Wall Street Values the Stock
Receive News & Ratings for ProShares Ultra Nasdaq Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Nasdaq Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.
