SKYU

Ultra Nasdaq Cloud Computing

Investment Objective

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

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

Performance

Daily Return during Q2 2024

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

Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SKYU Market Price 0.80% 15.36% 50.00% 15.36% 82.93% -12.94% -- -- -13.60% 01/19/2021
SKYU NAV 0.87% 15.80% 50.20% 15.80% 82.99% -12.61% -- -- -13.56% 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 7.37%
  • Net Expense Ratio 0.95%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 3/31/2024
  • Distribution Yield --

    Distribution Yield represents the annualized yield based on the last income distribution.

  • SEC 30-Day Yield 0.13%

    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) --
Price
as of 4/23/2024
  • NAV $23.16
  • NAV Change $+1.17 up caret
  • Market Price $23.26
  • Market Price Change $+1.20 up caret
  • Trading Volume (M) 2,518
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount
Snapshot
  • Ticker SKYU
  • Intraday Ticker SKYU.IV
  • CUSIP 74347G788
  • Inception Date 1/19/21
  • Expense Ratio 0.95%
  • Gross Expense Ratio 7.37%
  • NAV Calculation Time 4:00 p.m. ET
  • Distributions Quarterly
Characteristics
as of 3/31/2024
  • Distribution Yield --

    Distribution Yield represents the annualized yield based on the last income distribution.

  • SEC 30-Day Yield 0.13%

    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) --
Price
as of 4/23/2024
  • NAV $23.16
  • NAV Change $+1.17 up caret
  • Market Price $23.26
  • Market Price Change $+1.20 up caret
  • Trading Volume (M) 2,518
  • 30-Day Median Bid Ask Spread 0.00%
  • View Premium / Discount

The expense ratio above has a contractual waiver ending 9/30/24.

Exposures

Holdings

as of 4/23/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
55.23% -- ISE CLOUD COMPUTING INDEX SWAP BANK OF AMERICA NA 1,854,908 -- 1,812 --
44.68% -- ISE CLOUD COMPUTING INDEX SWAP BNP PARIBAS GOLDMAN SACHS INTERNATIONAL 1,500,715 -- 1,466 --
10.85% -- ISE CLOUD COMPUTING INDEX SWAP UBS AG TIONAL 364,430 -- 356 --
6.22% -- ISE CLOUD COMPUTING INDEX SWAP GOLDMAN SACHS INTERNATIONAL 208,831 -- 204 --
3.68% GOOGL ALPHABET INC-CL A -- $123,759.32 782 BYVY8G0
3.32% ORCL ORACLE CORP -- $111,637.30 970 2661568
3.28% AMZN AMAZON.COM INC -- $110,058.02 613 2000019
3.18% MSFT MICROSOFT CORP -- $106,783.34 262 2588173
3.17% IBM INTL BUSINESS MACHINES CORP -- $106,581.15 585 2005973
3.17% PSTG PURE STORAGE INC - CLASS A -- $106,552.60 2,057 BYZ62T3
3.12% NTNX NUTANIX INC - A -- $104,735.05 1,715 BYQBFT8
2.92% ANET ARISTA NETWORKS INC -- $97,960.20 390 BN33VM5
2.20% MDB MONGODB INC -- $73,994.62 202 BF2FJ99
2.15% CSCO CISCO SYSTEMS INC -- $72,141.76 1,493 2198163
2.05% DELL DELL TECHNOLOGIES -C -- $69,000.36 572 BHKD3S6
1.97% AKAM AKAMAI TECHNOLOGIES INC -- $66,245.76 651 2507457
1.92% APP APPLOVIN CORP-CLASS A -- $64,564.80 907 BMV3LG4
1.92% NET CLOUDFLARE INC - CLASS A -- $64,416.04 733 BJXC5M2
1.80% HCP HASHICORP INC-CL A -- $60,544.55 2,077 BP0PQT0
1.80% NTAP NETAPP INC -- $60,447.36 608 2630643
1.78% HPE HEWLETT PACKARD ENTERPRISE -- $59,847.48 3,556 BYVYWS0
1.71% HUBS HUBSPOT INC -- $57,356.64 88 BR4T3B3
1.68% DOCN DIGITALOCEAN HOLDINGS INC -- $56,588.30 1,730 BNC23Q1
1.63% TWLO TWILIO INC - A -- $54,839.97 909 BD6P5Q0
1.59% FIVN FIVE9 INC -- $53,404.32 888 BKY7X18
1.56% SHOP SHOPIFY INC - CLASS A -- $52,473.09 709 BXDZ9Z0
1.55% TEAM ATLASSIAN CORP-CL A -- $52,053.84 261 BQ1PC76
1.54% NOW SERVICENOW INC -- $51,866.50 70 B80NXX8
1.50% WK WORKIVA INC -- $50,502.41 629 BSS6HY8
1.44% CRM SALESFORCE INC -- $48,419.00 175 2310525
1.41% RNG RINGCENTRAL INC-CLASS A -- $47,260.44 1,548 BDZCRX3
1.37% ADBE ADOBE INC -- $45,871.30 97 2008154
1.36% CFLT CONFLUENT INC-CLASS A -- $45,619.47 1,599 BNXH3Z4
1.25% GTLB GITLAB INC-CL A -- $42,116.08 751 BMTVT22
1.08% FSLY FASTLY INC - CLASS A -- $36,169.34 2,806 BJN4MY9
1.07% SAP SAP SE-SPONSORED ADR -- $36,097.92 192 2775135
1.05% APPN APPIAN CORP-A -- $35,162.99 961 BYPBTB9
0.95% WIX WIX.COM LTD -- $32,038.44 258 BFZCHN7
0.93% LUMN LUMEN TECHNOLOGIES INC -- $31,260.96 22,986 BMDH249
0.65% ZUO ZUORA INC - CLASS A -- $21,781.50 2,234 BFXZB14
0.62% QTWO Q2 HOLDINGS INC -- $20,822.10 390 BKM4KV0
0.62% BLKB BLACKBAUD INC -- $20,665.98 261 2458878
0.59% SQSP SQUARESPACE INC - CLASS A -- $19,680.02 542 BKPGJQ1
0.58% BL BLACKLINE INC -- $19,544.28 318 BD3WZS6
0.57% DOCU DOCUSIGN INC -- $19,224.69 339 BFYT7B7
0.57% BOX BOX INC - CLASS A -- $19,110.00 700 BVB3BV2
0.55% PAYC PAYCOM SOFTWARE INC -- $18,620.91 99 BL95MY0
0.54% TOST TOAST INC-CLASS A -- $18,204.15 785 BP6D7B7
0.54% QLYS QUALYS INC -- $18,011.70 105 B7XJTN8
0.53% DBX DROPBOX INC-CLASS A -- $17,696.38 754 BG0T321
0.52% DDOG DATADOG INC - CLASS A -- $17,322.28 137 BKT9Y49
0.51% TTD TRADE DESK INC/THE -CLASS A -- $17,105.77 211 BD8FDD1
0.51% INTU INTUIT INC -- $17,033.76 27 2459020
0.51% PANW PALO ALTO NETWORKS INC -- $17,022.42 58 B87ZMX0
0.51% PCTY PAYLOCITY HOLDING CORP -- $17,000.16 107 BKM4N88
0.50% OTEX OPEN TEXT CORP -- $16,926.21 469 2655657
0.50% CRWD CROWDSTRIKE HOLDINGS INC - A -- $16,780.40 56 BJJP138
0.49% APPF APPFOLIO INC - A -- $16,449.75 75 BYN7H48
0.49% SMAR SMARTSHEET INC-CLASS A -- $16,388.12 428 BFZND98
0.48% VEEV VEEVA SYSTEMS INC-CLASS A -- $16,088.00 80 BFH3N85
0.47% KVYO KLAVIYO INC-A -- $15,921.78 681 BN4JNC6
0.47% ZM ZOOM VIDEO COMMUNICATIONS-A -- $15,713.10 255 BGSP7M9
0.47% WDAY WORKDAY INC-CLASS A -- $15,666.02 61 B8K6ZD1
0.45% SPT SPROUT SOCIAL INC - CLASS A -- $15,219.04 292 BKTNTS0
0.43% SNOW SNOWFLAKE INC-CLASS A -- $14,512.32 96 BN134B7
0.41% ESTC ELASTIC NV -- $13,842.90 135 BFXCLC6
0.40% ASAN ASANA INC - CL A -- $13,483.52 916 BLFDQC4
0.40% ZS ZSCALER INC -- $13,269.00 75 BZ00V34
0.34% EB EVENTBRITE INC-CLASS A -- $11,416.36 2,122 BF5L3R0
-- -- NET OTHER ASSETS (LIABILITIES) -- $559,627.94 559,628 --

Index

as of 3/28/2024

  • Total Number of Companies65
  • Price/Earnings Ratio214.37
  • Price/Book Ratio3.96
  • Dividend Yield ( % )0.95
  • Avg. Index Market Capitalization$134.86 billion
About the Index

The ISE CTA Cloud Computing IndexTM is designed to track the performance of companies involved in the cloud computing industry. The index provides access to companies classified as “cloud computing” by the Consumer Technology Association (CTA): firms providing Infrastructure-as-a-Service (servers, storage, and networks), Platform-as-a-Service (systems for the creation of online software) and Software-as-a-Service (software applications delivered over the internet) to their customers and end users.

Distributions

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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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