ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Shares Down 4% – What’s Next?

Posted by Caroline Horne on Mar 21st, 2026

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU – Get Free Report)’s stock price were down 4% during mid-day trading on Friday . The company traded as low as $25.98 and last traded at $26.11. Approximately 1,613 shares changed hands during trading, a decline of 20% from the average daily volume of 2,021 shares. The stock had previously closed at $27.20.

ProShares Ultra Nasdaq Cloud Computing ETF Stock Performance

The stock has a 50 day moving average of $28.76 and a 200 day moving average of $35.62. The stock has a market capitalization of $1.31 million, a P/E ratio of 29.23 and a beta of 2.43.

ProShares Ultra Nasdaq Cloud Computing ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 24th were given a dividend of $0.1216 per share. This is an increase from ProShares Ultra Nasdaq Cloud Computing ETF’s previous quarterly dividend of $0.08. This represents a $0.49 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, December 24th.

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.