ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Sees Large Drop in Short Interest

Posted by Trevor Kearing on Jun 27th, 2026

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 528 shares, a drop of 83.2% from the May 31st total of 3,146 shares. Based on an average daily trading volume, of 6,103 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are short sold.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 5.2%

NASDAQ:SKYU traded up $1.67 during mid-day trading on Friday, reaching $33.63. 4,333 shares of the stock were exchanged, compared to its average volume of 2,709. The business has a fifty day moving average price of $34.78 and a 200 day moving average price of $31.98. The firm has a market capitalization of $3.03 million, a PE ratio of 29.23 and a beta of 2.51. ProShares Ultra Nasdaq Cloud Computing ETF has a 1-year low of $22.55 and a 1-year high of $49.14.

ProShares Ultra Nasdaq Cloud Computing ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 24th will be paid a $0.044 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.18 annualized dividend and a dividend yield of 0.5%.

About ProShares Ultra Nasdaq Cloud Computing ETF

(Get Free Report)

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.