About ProShares Ultra Cloud Computing (SKYU)

The ProShares Ultra Cloud Computing (SKYU) is an exchange-traded fund (ETF) that tracks the performance of the Ultra Cloud Computing Index. This index is designed to provide 2x leveraged exposure to companies within the cloud computing industry. Cloud computing has gained significant traction in recent years, as businesses and consumers increasingly rely on cloud-based services for storage, computing power, and software applications.

The ProShares Ultra Cloud Computing ETF's price history shows that it has experienced significant volatility since its inception. This is not surprising given the nature of the underlying companies in the cloud computing sector. Investors should be aware that while the ETF offers the potential for amplified returns, it also carries increased risk due to its leverage factor.