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ProShares Ultra Cloud Computing (SKYU)



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Upturn Advisory Summary
08/14/2025: SKYU (1-star) is a SELL. SELL since 3 days. Profits (2.82%). Updated daily EoD!
Analysis of Past Performance
Type ETF | Historic Profit 41.15% | Avg. Invested days 44 | Today’s Advisory SELL |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 2.32 | 52 Weeks Range 17.38 - 43.73 | Updated Date 06/30/2025 |
52 Weeks Range 17.38 - 43.73 | Updated Date 06/30/2025 |
Upturn AI SWOT
ProShares Ultra Cloud Computing
ETF Overview
Overview
ProShares Ultra Cloud Computing (SKYU) aims to deliver twice the daily performance of the BVP Nasdaq Emerging Cloud Index, focusing on companies involved in cloud computing. It provides leveraged exposure to the cloud computing sector, potentially magnifying gains but also increasing risks.
Reputation and Reliability
ProShares is a well-known issuer with a solid reputation for providing leveraged and inverse ETFs. They have a proven track record, but investors should understand the risks associated with leveraged products.
Management Expertise
ProShares has a dedicated management team with expertise in creating and managing leveraged ETFs. Their experience is crucial for navigating the complexities of leveraged investments.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, that correspond to twice (2x) the daily performance of the BVP Nasdaq Emerging Cloud Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged strategy, using derivatives to achieve twice the daily return of the underlying index.
Composition The ETF primarily holds financial instruments designed to replicate the leveraged performance of the BVP Nasdaq Emerging Cloud Index, consisting of stocks in the cloud computing sector.
Market Position
Market Share: SKYU's market share within the broader cloud computing ETF sector is relatively small compared to non-leveraged alternatives.
Total Net Assets (AUM): 25560000
Competitors
Key Competitors
- WCLD
- SKYY
- CLOU
Competitive Landscape
The cloud computing ETF market is dominated by non-leveraged ETFs like WCLD, SKYY, and CLOU. SKYU offers leveraged exposure, which can be attractive to some investors but also carries higher risk. Its advantage is the potential for magnified returns, while its disadvantage is increased volatility and the potential for significant losses, especially during periods of market decline or sideways movement.
Financial Performance
Historical Performance: Historical performance is highly dependent on the daily performance of the BVP Nasdaq Emerging Cloud Index. Due to its leveraged nature, past performance is not indicative of future results.
Benchmark Comparison: The ETF aims to deliver twice the daily return of its benchmark, the BVP Nasdaq Emerging Cloud Index, but tracking error and the effects of compounding can cause deviations over longer periods.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
SKYU's average daily trading volume is moderate, indicating reasonable liquidity for most investors but potentially higher trading costs for large orders.
Bid-Ask Spread
SKYU's bid-ask spread can vary depending on market conditions but is generally wider than non-leveraged ETFs due to its leveraged nature and lower trading volume.
Market Dynamics
Market Environment Factors
The cloud computing sector is influenced by factors such as overall economic growth, technological advancements, and increasing adoption of cloud-based services. Regulatory changes and cybersecurity concerns can also impact the sector.
Growth Trajectory
The ETF's growth trajectory is tied to the performance of the cloud computing sector. Changes to strategy would likely involve adjustments to the derivatives used to achieve leveraged exposure or modifications to the underlying index being tracked.
Moat and Competitive Advantages
Competitive Edge
SKYU's competitive advantage lies in its unique offering of leveraged exposure to the cloud computing sector, catering to investors seeking amplified daily returns. It distinguishes itself by providing twice the daily performance, enabling short-term trading strategies. However, this advantage comes with increased volatility, making it unsuitable for all investor types. Its leveraged strategy caters to sophisticated investors with a high risk tolerance who understand the complexities of leveraged ETFs and are able to actively manage their positions.
Risk Analysis
Volatility
SKYU is highly volatile due to its leveraged nature, meaning its price can fluctuate significantly and rapidly.
Market Risk
SKYU is subject to market risk associated with the cloud computing sector, including potential declines in technology stocks and changes in investor sentiment. Leveraged ETFs are designed for daily use and the effects of compounding can significantly impact returns over longer periods, often leading to results that differ significantly from the target multiple of the underlying index's performance.
Investor Profile
Ideal Investor Profile
The ideal investor for SKYU is a sophisticated, short-term trader with a high-risk tolerance who understands the complexities of leveraged ETFs and actively monitors their investments.
Market Risk
SKYU is best suited for active traders seeking short-term, leveraged exposure to the cloud computing sector. It is not suitable for long-term investors or passive index followers due to the effects of compounding and increased volatility.
Summary
ProShares Ultra Cloud Computing (SKYU) offers leveraged exposure to the cloud computing sector, seeking to deliver twice the daily performance of the BVP Nasdaq Emerging Cloud Index. It is designed for short-term, active traders seeking amplified returns. The ETF's leveraged nature increases volatility and risk, making it unsuitable for long-term investors. Investors should fully understand the complexities and potential consequences of leveraged ETFs before investing.
Peer Comparison
Sources and Disclaimers
Data Sources:
- ProShares Official Website
- ETF.com
- Morningstar
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual financial circumstances and consultation with a qualified financial advisor. Leveraged ETFs are inherently risky and may not be suitable for all investors.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares Ultra Cloud Computing
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index is comprised of companies classified as cloud computing companies by the CTA. The fund will obtain leveraged exposure to at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. It is non-diversified.

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