SKYU

Ultra Nasdaq Cloud Computing

SKYU seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the ISE CTA Cloud Computing IndexTM.

How to Buy
Why SKYU?
Target Magnified Returns

SKYU targets 2x the daily returns of the Cloud Computing industry.

Efficient

SKYU offers 2x exposure with less cash.

Convenience

Buy and sell leveraged exposure via a single ticker in a brokerage account.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”).

While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target.

The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

Performance
About the Fund
Exposures
Holdings
Index
Distributions
View fund details

Documents & Downloads

Fund Fact Sheet
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FAQs About Geared Funds
This links to a pdf file This link opens a new window
NAV History
This links to a pdf file This link opens a new window
Summary Prospectus
Statutory Prospectus
Statement of Add'l Information
Annual Report
Semi-Annual Report

You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

30 Day Daily Return

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 9/30/2025
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SKYU NAV 10.40% 19.08% 58.93% 12.93% 48.53% 48.31% -- -- 0.27% 01/19/2021
SKYU Market Price 10.46% 18.99% 58.85% 12.36% 48.43% 48.25% -- -- 0.26% 01/19/2021

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    SKYU
  • Intraday Ticker
    SKYU.IV
  • CUSIP
    74347G788
  • Inception Date
    1/19/21
  • Gross Expense Ratio
    5.04%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Characteristics
as of 9/30/2025
  • SEC 30-Day Yield
    -0.36%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • SEC 30-Day Yield (unsubsidized)
    -4.75%
Price
as of 10/30/2025
  • NAV
    $43.05
  • NAV Change
    $-0.83 down caret
  • Market Price
    $43.05
  • Market Price Change
    $-0.83 down caret
  • Trading Volume (M)
    830
  • 30-Day Median Bid Ask Spread
    0.27%
  • View Premium / Discount
Snapshot
  • Ticker
    SKYU
  • Intraday Ticker
    SKYU.IV
  • CUSIP
    74347G788
  • Inception Date
    1/19/21
  • Gross Expense Ratio
    5.04%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
  • Options Available
    Yes
Characteristics
as of 9/30/2025
  • SEC 30-Day Yield
    -0.36%

    SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.

  • SEC 30-Day Yield (unsubsidized)
    -4.75%
Price
as of 10/30/2025
  • NAV
    $43.05
  • NAV Change
    $-0.83 down caret
  • Market Price
    $43.05
  • Market Price Change
    $-0.83 down caret
  • Trading Volume (M)
    830
  • 30-Day Median Bid Ask Spread
    0.27%
  • View Premium / Discount

Expenses with Contractual Waiver through September 30, 2026. Without the fee waiver performance would likely be lower.

Exposures

Index as of 9/30/2025

Holdings

as of 10/30/2025

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
2.01% GOOGL ALPHABET INC-CL A -- $47,570.12 169 BYVY8G0
1.94% IBM INTL BUSINESS MACHINES CORP -- $45,888.88 148 2005973
1.90% PSTG PURE STORAGE INC - CLASS A -- $44,915.63 463 BYZ62T3
1.80% LUMN LUMEN TECHNOLOGIES INC -- $42,704.20 4,130 BMDH249
1.76% ANET ARISTA NETWORKS INC -- $41,669.72 263 BL9XPM3
1.73% ORCL ORACLE CORP -- $40,845.51 159 2661568
1.61% CRWV COREWEAVE INC-CL A -- $38,138.46 291 BTTRKN7
1.58% MSFT MICROSOFT CORP -- $37,328.96 71 2588173
1.56% NTNX NUTANIX INC - A -- $36,957.80 535 BYQBFT8
1.48% AMZN AMAZON.COM INC -- $34,989.02 157 2000019
1.39% MDB MONGODB INC -- $33,016.30 95 BF2FJ99
1.08% NET CLOUDFLARE INC - CLASS A -- $25,587.50 115 BJXC5M2
1.07% CSCO CISCO SYSTEMS INC -- $25,299.77 347 2198163
1.00% DELL DELL TECHNOLOGIES -C -- $23,668.47 147 BHKD3S6
1.00% APP APPLOVIN CORP-CLASS A -- $23,583.56 38 BMV3LG4
0.95% AKAM AKAMAI TECHNOLOGIES INC -- $22,400.79 303 2507457
0.93% SHOP SHOPIFY INC - CLASS A -- $22,048.47 127 BXDZ9Z0
0.90% CFLT CONFLUENT INC-CLASS A -- $21,285.60 905 BNXH3Z4
0.82% HPE HEWLETT PACKARD ENTERPRISE -- $19,454.77 797 BYVYWS0
0.81% TWLO TWILIO INC - A -- $19,186.20 170 BD6P5Q0
0.80% WK WORKIVA INC -- $18,950.07 219 BSS6HY8
0.79% NOW SERVICENOW INC -- $18,693.60 20 B80NXX8
0.78% NTAP NETAPP INC -- $18,375.63 159 2630643
0.76% CRM SALESFORCE INC -- $17,965.50 70 2310525
0.75% GTLB GITLAB INC-CL A -- $17,805.00 375 BMTVT22
0.75% HUBS HUBSPOT INC -- $17,671.94 37 BR4T3B3
0.72% ADBE ADOBE INC -- $16,962.00 50 2008154
0.69% TEAM ATLASSIAN CORP-CL A -- $16,227.67 101 BQ1PC76
0.68% TTAN SERVICETITAN INC-A -- $16,092.72 168 BPGN2Q7
0.60% RBRK RUBRIK INC-A -- $14,281.05 201 BSLQK57
0.49% WIX WIX.COM LTD -- $11,497.10 85 BFZCHN7
0.48% SAP SAP SE-SPONSORED ADR -- $11,404.36 44 2775135
0.46% DOCN DIGITALOCEAN HOLDINGS INC -- $10,964.66 289 BNC23Q1
0.39% RNG RINGCENTRAL INC-CLASS A -- $9,168.28 311 BDZCRX3
0.32% CRWD CROWDSTRIKE HOLDINGS INC - A -- $7,541.52 14 BJJP138
0.32% FIVN FIVE9 INC -- $7,475.20 320 BKY7X18
0.30% ZS ZSCALER INC -- $7,084.88 22 BZ00V34
0.29% DDOG DATADOG INC - CLASS A -- $6,911.08 44 BKT9Y49
0.29% OTEX OPEN TEXT CORP -- $6,856.28 181 2655657
0.29% SNOW SNOWFLAKE INC -- $6,779.50 25 BN134B7
0.29% PANW PALO ALTO NETWORKS INC -- $6,766.37 31 B87ZMX0
0.26% VEEV VEEVA SYSTEMS INC-CLASS A -- $6,270.66 22 BFH3N85
0.26% BL BLACKLINE INC -- $6,241.40 110 BD3WZS6
0.26% ZM ZOOM COMMUNICATIONS INC -- $6,241.16 74 BGSP7M9
0.26% ESTC ELASTIC NV -- $6,187.30 70 BFXCLC6
0.26% WDAY WORKDAY INC-CLASS A -- $6,054.62 26 B8K6ZD1
0.25% BLKB BLACKBAUD INC -- $5,932.80 90 2458878
0.25% DBX DROPBOX INC-CLASS A -- $5,924.56 206 BG0T321
0.25% INTU INTUIT INC -- $5,905.62 09 2459020
0.25% APPN APPIAN CORP-A -- $5,872.57 197 BYPBTB9
0.25% BOX BOX INC - CLASS A -- $5,860.40 184 BVB3BV2
0.24% ASAN ASANA INC - CL A -- $5,622.48 411 BLFDQC4
0.24% DOCU DOCUSIGN INC -- $5,585.58 78 BFYT7B7
0.23% FSLY FASTLY INC - CLASS A -- $5,466.30 685 BJN4MY9
0.23% QLYS QUALYS INC -- $5,446.76 44 B7XJTN8
0.23% TTD TRADE DESK INC/THE -CLASS A -- $5,386.70 110 BD8FDD1
0.22% APPF APPFOLIO INC - A -- $5,185.62 22 BYN7H48
0.20% PAYC PAYCOM SOFTWARE INC -- $4,817.54 26 BL95MY0
0.20% KVYO KLAVIYO INC-A -- $4,693.45 185 BN4JNC6
0.20% PCTY PAYLOCITY HOLDING CORP -- $4,656.63 33 BKM4N88
0.20% QTWO Q2 HOLDINGS INC -- $4,623.84 76 BKM4KV0
0.19% TOST TOAST INC-CLASS A -- $4,573.87 133 BP6D7B7
0.10% SPT SPROUT SOCIAL INC - CLASS A -- $2,422.42 242 BKTNTS0
0.10% DOMO DOMO INC - CLASS B -- $2,277.52 166 BFZNZC5
55.69% -- ISE CLOUD COMPUTING INDEX SWAP BANK OF AMERICA NA 1,318,682 -- 850 --
52.61% -- ISE CLOUD COMPUTING INDEX SWAP UBS AG 1,245,766 -- 803 --
29.42% -- ISE CLOUD COMPUTING INDEX SWAP BNP PARIBAS 696,574 -- 449 --
18.87% -- ISE CLOUD COMPUTING INDEX SWAP GOLDMAN SACHS INTERNATIONAL 446,800 -- 288 --
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,334,550.95 1,334,551 --
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Index

as of 9/30/2025

  • Total Number of Companies64
  • Price/Earnings Ratio18.00
  • Price/Book Ratio9.13
  • Dividend Yield ( % )0.43
  • Avg. Index Market Capitalization$218.83 billion
About the Index

The ISE CTA Cloud Computing Index is designed to track the performance of companies involved in the cloud computing industry.

Distributions

For

2025
  • 2025
  • 2024
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital
Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

This ProShares ETF seeks daily investment results that correspond, before fees and expenses, to 2x the daily performance of its underlying benchmark (the “Daily Target”). While the Fund has a daily investment objective, you may hold Fund shares for longer than one day if you believe it is consistent with your goals and risk tolerance. For any holding period other than a day, your return may be higher or lower than the Daily Target. These differences may be significant. Smaller index gains/losses and higher index volatility contribute to returns worse than the Daily Target. Larger index gains/losses and lower index volatility contribute to returns better than the Daily Target. The more extreme these factors are, the more they occur together, and the longer your holding period while these factors apply, the more your return will tend to deviate. Investors should consider periodically monitoring their geared fund investments in light of their goals and risk tolerance.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. Leveraged ProShares ETFs are non-diversified and entail certain risks, including risk associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, leverage and market price variance, all of which can increase volatility and decrease performance. Please see their summary and full prospectuses for a more complete description of risks.

Natural or environmental disasters, including pandemics and epidemics, have been and can be highly disruptive to economies and markets and have recently led, and may continue to lead, to increased market volatility and significant market losses.

Cloud computing companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, cyclical market patterns, evolving industry standards, frequent new product introductions, evolving regulation of the Internet and new privacy laws. Such companies are also susceptible to operational and information security risks.

The fund concentrates its investments in certain sectors. Narrowly focused investments typically exhibit higher volatility.

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

Nasdaq® is a registered trademark of Nasdaq, Inc. and is licensed for use by ProShare Advisors LLC. ProShares ETFs have not been passed on by Nasdaq, Inc. or its affiliates as to their legality or suitability. ProShares ETFs based on the ISE CTA Cloud Computing Index are not issued, sponsored, endorsed, sold, or promoted by Nasdaq, Inc. or its affiliates, and they make no representation regarding the advisability of investing in ProShares ETFs. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

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