ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYU) Shares Up 0.1%

ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYUGet Free Report) shares shot up 0.1% on Tuesday . The stock traded as high as $23.49 and last traded at $23.43. 1,498 shares changed hands during trading, a decline of 50% from the average session volume of 2,984 shares. The stock had previously closed at $23.40.

ProShares Ultra Nasdaq Cloud Computing ETF Trading Up 0.1 %

The company has a fifty day simple moving average of $21.46 and a two-hundred day simple moving average of $18.79.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Cloud Computing ETF

An institutional investor recently raised its position in ProShares Ultra Nasdaq Cloud Computing ETF stock. UBS Group AG grew its stake in ProShares Ultra Nasdaq Cloud Computing ETF (NASDAQ:SKYUFree Report) by 1,123.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,162 shares of the company’s stock after purchasing an additional 4,740 shares during the period. UBS Group AG owned approximately 3.97% of ProShares Ultra Nasdaq Cloud Computing ETF worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Nasdaq Cloud Computing ETF Company Profile

(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.

Recommended Stories

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.