ProShares - Ultra Nasdaq Cloud Computing

Frequently Asked Questions About SKYU

What does SKYU invest in?

This fund aims to provide daily investment returns, before accounting for any fees and expenses, that precisely track two times (2x) the daily change of the ISE CTA Cloud Computing Index™.

What is the expense ratio of SKYU?

ProShares - Ultra Nasdaq Cloud Computing (SKYU) charges an expense ratio of 5.04%. This is the annual fee deducted from fund assets to cover management and operations.

Is SKYU a good long-term hold?

SKYU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does SKYU's daily reset work?

SKYU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is SKYU?

ProShares - Ultra Nasdaq Cloud Computing (SKYU) manages $3.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SKYU actively managed or an index fund?

SKYU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.