ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 246 shares, a decline of 86.2% from the September 30th total of 1,788 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 7,690 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of ProShares Ultra Nasdaq Cloud Computing ETF
An institutional investor recently bought a new position in ProShares Ultra Nasdaq Cloud Computing ETF stock. Client First Investment Management LLC acquired a new stake in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 41,775 shares of the company’s stock, valued at approximately $2,172,000. ProShares Ultra Nasdaq Cloud Computing ETF comprises 1.0% of Client First Investment Management LLC’s portfolio, making the stock its 15th biggest position. Client First Investment Management LLC owned about 34.81% of ProShares Ultra Nasdaq Cloud Computing ETF at the end of the most recent reporting period.
ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 0.9%
Shares of SKYU stock opened at $56.60 on Thursday. The company has a market cap of $4.53 million, a P/E ratio of 29.23 and a beta of 2.58. The firm has a fifty day moving average price of $52.42 and a 200 day moving average price of $38.09. ProShares Ultra Nasdaq Cloud Computing ETF has a 12 month low of $22.55 and a 12 month high of $58.86.
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.
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