SKYU

ProShares Ultra Nasdaq Cloud Computing ETF

$38.30

+0.00%

Market closed. Last update: 4:19 AM ET

📎 Investment Objective

The ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Nasdaq CTA Cloud Computing Index.

Overview

ETF tracking ProShares Ultra Nasdaq Cloud Computing ETF

Category Technology

Issuer ProShares

Inception Date 2021-01-21

Market Cap $2.1M

Average Volume N/A

Dividend Yield 0.32%

52-Week Range $19.23 - $45.55

VWAP $38.47

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the Nasdaq CTA Cloud Computing Index.

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swap agreements, to achieve its 2x daily leverage objective. It does not invest directly in the underlying index components.

✨ Key Features

Provides 2x the daily performance of the Nasdaq CTA Cloud Computing Index
Utilizes derivatives to achieve its leveraged exposure
Designed for short-term, tactical exposure to the cloud computing industry
Relatively high expense ratio compared to non-leveraged ETFs

⚠️ Primary Risks

Significant daily volatility and potential for losses due to the leveraged nature of the fund
Tracking error risk, as the fund may not perfectly match the 2x daily performance of the underlying index
Counterparty risk associated with the use of derivatives
Concentration risk, as the fund is focused on the cloud computing industry

👤 Best For

SKYU is best suited for experienced, risk-tolerant investors seeking short-term, speculative exposure to the cloud computing industry. Due to its leveraged nature, it is not recommended for long-term buy-and-hold investors or those with a low risk tolerance.