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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.

How to buy
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Important Considerations

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.

Common uses for magnified exposure

  • Seeking magnified gains (will also magnify losses)

  • Getting a target level of exposure for less cash

  • Overweighting a market segment without additional cash

Documents & Downloads
Fund Fact Sheet
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Semi Annual Report
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Annual Report
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NAV History
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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 10/31/2024
Fund 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SKYU Market Price 5.10% 19.08% 28.76% 31.90% 87.79% -18.08% -- -- -8.43% 01/19/2021
SKYU NAV 5.03% 19.03% 28.50% 32.09% 86.89% -18.13% -- -- -8.46% 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
    4.91%
  • Net Expense Ratio
    0.95%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 11/20/2024
  • NAV
    $35.44
  • NAV Change
    $+0.31 up caret
  • Market Price
    $35.66
  • Market Price Change
    $+0.49 up caret
  • Trading Volume (M)
    1,636
  • 30-Day Median Bid Ask Spread
    0.23%
  • View Premium / Discount
Snapshot
  • Ticker
    SKYU
  • Intraday Ticker
    SKYU.IV
  • CUSIP
    74347G788
  • Inception Date
    1/19/21
  • Expense Ratio
    0.95%
  • Gross Expense Ratio
    4.91%
  • NAV Calculation Time
    4:00 p.m. ET
Price
as of 11/20/2024
  • NAV
    $35.44
  • NAV Change
    $+0.31 up caret
  • Market Price
    $35.66
  • Market Price Change
    $+0.49 up caret
  • Trading Volume (M)
    1,636
  • 30-Day Median Bid Ask Spread
    0.23%
  • View Premium / Discount

Expenses with Contractual Waiver through September 30, 2025. Without the fee waiver performance would likely be lower.

Exposures

Holdings

as of 11/20/2024

Exposure Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
46.94% -- ISE CLOUD COMPUTING INDEX SWAP BNP PARIBAS 1,081,434 -- 828 --
36.46% -- ISE CLOUD COMPUTING INDEX SWAP BANK OF AMERICA NA 839,809 -- 643 --
28.75% -- ISE CLOUD COMPUTING INDEX SWAP GOLDMAN SACHS INTERNATIONAL 662,183 -- 507 --
27.78% -- ISE CLOUD COMPUTING INDEX SWAP UBS AG 639,979 -- 490 --
3.37% APP APPLOVIN CORP-CLASS A -- $77,727.58 239 BMV3LG4
2.60% ORCL ORACLE CORP -- $59,895.50 314 2661568
2.31% LUMN LUMEN TECHNOLOGIES INC -- $53,235.05 7,051 BMDH249
2.19% AMZN AMAZON.COM INC -- $50,517.12 249 2000019
2.12% NTNX NUTANIX INC - A -- $48,816.32 703 BYQBFT8
2.09% ANET ARISTA NETWORKS INC -- $48,095.46 126 BN33VM5
2.08% GOOGL ALPHABET INC-CL A -- $47,866.56 272 BYVY8G0
2.05% IBM INTL BUSINESS MACHINES CORP -- $47,212.00 220 2005973
1.91% MSFT MICROSOFT CORP -- $44,041.94 106 2588173
1.87% PSTG PURE STORAGE INC - CLASS A -- $43,109.48 866 BYZ62T3
1.55% MDB MONGODB INC -- $35,783.52 127 BF2FJ99
1.51% TWLO TWILIO INC - A -- $34,847.76 354 BD6P5Q0
1.51% NET CLOUDFLARE INC - CLASS A -- $34,825.67 361 BJXC5M2
1.46% CSCO CISCO SYSTEMS INC -- $33,695.00 586 2198163
1.43% TEAM ATLASSIAN CORP-CL A -- $32,890.30 134 BQ1PC76
1.36% HUBS HUBSPOT INC -- $31,251.60 45 BR4T3B3
1.35% SHOP SHOPIFY INC - CLASS A -- $31,182.00 300 BXDZ9Z0
1.30% CFLT CONFLUENT INC-CLASS A -- $29,912.79 1,047 BNXH3Z4
1.27% GTLB GITLAB INC-CL A -- $29,148.35 469 BMTVT22
1.24% CRM SALESFORCE INC -- $28,661.60 88 2310525
1.15% NOW SERVICENOW INC -- $26,597.48 26 B80NXX8
1.14% WK WORKIVA INC -- $26,179.12 284 BSS6HY8
1.12% DELL DELL TECHNOLOGIES -C -- $25,720.32 192 BHKD3S6
1.11% AKAM AKAMAI TECHNOLOGIES INC -- $25,596.36 291 2507457
1.05% HPE HEWLETT PACKARD ENTERPRISE -- $24,293.46 1,147 BYVYWS0
0.99% NTAP NETAPP INC -- $22,714.80 184 2630643
0.96% FIVN FIVE9 INC -- $22,002.00 579 BKY7X18
0.89% RBRK RUBRIK INC-A -- $20,543.25 455 BSLQK57
0.85% ADBE ADOBE INC -- $19,480.50 39 2008154
0.82% DOCN DIGITALOCEAN HOLDINGS INC -- $18,877.59 503 BNC23Q1
0.81% WIX WIX.COM LTD -- $18,714.03 89 BFZCHN7
0.79% RNG RINGCENTRAL INC-CLASS A -- $18,255.84 521 BDZCRX3
0.68% SAP SAP SE-SPONSORED ADR -- $15,746.34 67 2775135
0.55% TOST TOAST INC-CLASS A -- $12,665.00 298 BP6D7B7
0.52% APPN APPIAN CORP-A -- $12,027.96 333 BYPBTB9
0.44% QTWO Q2 HOLDINGS INC -- $10,144.00 100 BKM4KV0
0.43% PAYC PAYCOM SOFTWARE INC -- $9,890.10 45 BL95MY0
0.43% DOCU DOCUSIGN INC -- $9,851.25 125 BFYT7B7
0.41% CRWD CROWDSTRIKE HOLDINGS INC - A -- $9,454.05 27 BJJP138
0.39% PCTY PAYLOCITY HOLDING CORP -- $8,982.88 46 BKM4N88
0.38% TTD TRADE DESK INC/THE -CLASS A -- $8,796.90 71 BD8FDD1
0.38% BL BLACKLINE INC -- $8,720.97 149 BD3WZS6
0.38% QLYS QUALYS INC -- $8,674.77 59 B7XJTN8
0.38% DDOG DATADOG INC - CLASS A -- $8,668.80 64 BKT9Y49
0.37% ESTC ELASTIC NV -- $8,592.26 97 BFXCLC6
0.37% SMAR SMARTSHEET INC-CLASS A -- $8,502.88 152 BFZND98
0.37% ZM ZOOM VIDEO COMMUNICATIONS-A -- $8,438.02 107 BGSP7M9
0.36% SNOW SNOWFLAKE INC-CLASS A -- $8,392.80 65 BN134B7
0.36% ZUO ZUORA INC - CLASS A -- $8,335.80 842 BFXZB14
0.36% KVYO KLAVIYO INC-A -- $8,239.10 235 BN4JNC6
0.34% DBX DROPBOX INC-CLASS A -- $7,905.66 294 BG0T321
0.34% PANW PALO ALTO NETWORKS INC -- $7,857.80 20 B87ZMX0
0.34% INTU INTUIT INC -- $7,807.20 12 2459020
0.33% BOX BOX INC - CLASS A -- $7,529.59 227 BVB3BV2
0.32% ZS ZSCALER INC -- $7,434.78 37 BZ00V34
0.32% BLKB BLACKBAUD INC -- $7,388.78 89 2458878
0.32% APPF APPFOLIO INC - A -- $7,380.80 32 BYN7H48
0.32% ASAN ASANA INC - CL A -- $7,341.11 527 BLFDQC4
0.32% WDAY WORKDAY INC-CLASS A -- $7,264.32 28 B8K6ZD1
0.31% VEEV VEEVA SYSTEMS INC-CLASS A -- $7,161.42 34 BFH3N85
0.31% SPT SPROUT SOCIAL INC - CLASS A -- $7,051.94 238 BKTNTS0
0.30% FSLY FASTLY INC - CLASS A -- $6,888.24 1,063 BJN4MY9
0.29% OTEX OPEN TEXT CORP -- $6,726.71 233 2655657
-- -- TREASURY BILL -- $298,431.65 300,000 BR2NPB1
-- -- NET OTHER ASSETS (LIABILITIES) -- $623,658.79 623,659 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

as of 9/30/2024

  • Total Number of Companies67
  • Price/Earnings Ratio214.37
  • Price/Book Ratio3.96
  • Dividend Yield ( % )0.95
  • Avg. Index Market Capitalization$165.70 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

2024
  • 2024
Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Portfolio Hedging Series

Part I: The Significance of Portfolio Hedging

Investing involves risk. Market downturns will happen. Having a sound investment strategy can help smooth out the turbulence in your portfolio and save you from getting caught up in a herd mentality of selling low into a down market.
Read More

Part II: Strategies for Hedging Your Portfolio

Part III: The Efficacy of Hedging with Inverse ETFs
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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