ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Trading Down 0.2% – Here’s What Happened

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYUGet Free Report) shares were down 0.2% during trading on Friday . The company traded as low as $27.54 and last traded at $28.55. Approximately 3,202 shares traded hands during trading, a decline of 3% from the average daily volume of 3,300 shares. The stock had previously closed at $28.61.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Down 0.2 %

The firm has a market cap of $2.57 million, a PE ratio of 25.63 and a beta of 2.13. The firm has a fifty day simple moving average of $36.32 and a two-hundred day simple moving average of $33.97.

About ProShares Ultra Nasdaq Cloud Computing ETF

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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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