SKYU:NASDAQProShares Ultra Cloud Computing Analysis
Data as of 2026-08-31 - not real-time
$52.96
Latest Price
8/10Risk
Risk Level: High
Executive Summary
The moving-average structure behind ProShares Ultra Cloud Computing is bullish at $52.96, with short-term averages leading the long-term ones. The last 30 days have gained 42.6%. Relative strength is 64.1 — approaching overbought — and the MACD signal is bearish. The recent range runs from support at $43.62 up to resistance at $55.90.
The 0.95% expense ratio is middling for its category, and the fund manages $3.8M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 62.6%, a beta of 2.70 and a maximum drawdown of 50.5%, position sizing matters more than entry timing here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 2/10.
The 0.95% expense ratio is middling for its category, and the fund manages $3.8M in assets.
The composite risk read is 8/10, putting it in high territory. With 30-day volatility of 62.6%, a beta of 2.70 and a maximum drawdown of 50.5%, position sizing matters more than entry timing here. Thin trading volumes mean execution costs can be material on larger orders. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
Short, medium and long-term reads agree on hold, with conviction of 2/10.
Top Market Events
An in-depth look at leading cloud computing ETFs in the U.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 3/10
Key Factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 34.88
- MACD momentum is negative
Medium Term
1–3 yearsNeutral
Model confidence: 3/10
Key Factors
- Short-term moving averages stacked above long-term ones
- Trading above the 200-day average of 34.88
- 30-day volatility of 62.6%
Long Term
> 3 yearsNeutral
Model confidence: 2/10
Key Factors
- 30-day volatility of 62.6%
- Beta of 2.70 versus the benchmark
- Thin trading liquidity raises execution risk
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.95%
AUM$3.8M
Inception Date2021-01-19
Avg Daily Volume3,190
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield0.74%
Technical Analysis
TrendBullish
RSI64.1
Support$43.62
Resistance$55.90
MA 20$50.56
MA 50$42.32
MA 200$34.88
MACDBearish
VolumeDecreasing
Fear & Greed Index94.66
Risk Assessment
Beta2.70
Volatility62.65%
Sector RiskMedium
Currency RiskLow
Liquidity RiskHigh
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.