##  [# ProShares Debuts Thematic 2x ETFs](/sections/daily-etf-watch/proshares-debuts-thematic-2x-etfs) 

 

# ProShares Debuts Thematic 2x ETFs

 

 

The two funds cover the cybersecurity and cloud computing spaces, respectively.



 

 

 

 

 [![HeatherBell_green_bg](/sites/default/files/styles/author_image_icon/public/2023-03/heather2.png?itok=5J9vBlda)](/contributors/heather-bell) 

[By Heather Bell](/contributors/heather-bell)

 Jan 21, 2021

 Edited by: Heather Bell

 

 

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Today, ProShares launched a pair of ETFs offering 2x exposure to the popular themes of cybersecurity and cloud computing. The **[ProShares Ultra Nasdaq Cybersecurity ETF (UCYB)](https://www.sec.gov/Archives/edgar/data/0001174610/000168386321000126/pt-20210115.htm)** and **[ProShares Ultra Nasdaq Cloud Computing ETF (SKYU)](https://www.sec.gov/Archives/edgar/data/0001174610/000168386321000126/pt-20210115.htm)** both track indexes used by sizable unleveraged ETFs from First Trust.

UCYB comes with an expense ratio of 0.98%, while SKYU charges 0.95%. Both funds list on the Nasdaq exchange.

UCYB shares an index, the liquidity-weighted NASDAQ CTA Cybersecurity Index, with the $3.4 billion **[First Trust NASDAQ Cybersecurity ETF (CIBR)](https://www.etf.com/cibr)**. Meanwhile, SKYU shares its index, the ISE CTA Cloud Computing Index, with the $6 billion **[First Trust Cloud Computing ETF (SKYY)](https://www.etf.com/skyu).** These are the first ProShares ETFs to offer a leveraged take on a theme, and it’s no surprise given the investor dollars the two themes have already attracted and their strong performance in 2020.

“The growing need for remote computing, and our increased reliance on secure internet communications and connectivity—existing themes accelerated by the coronavirus pandemic—have expanded the already significant investment opportunities in the cybersecurity and cloud computing industries,” said Michael Sapir, CEO of ProShares.

Earlier this year, Direxion rolled out two new ETFs tracking the cloud computing theme: the **[Direxion Daily Cloud Computing Bull 2X Shares (CLDL)](https://www.etf.com/cldl)** and **[Direxion Daily Cloud Computing Bear 2X Shares (CLDS)](https://www.etf.com/clds).**

*Contact Heather Bell at <hbell@etf.com>*



 

 

 [ Heather Bell ](/contributors/heather-bell) 

 

 

  Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a…   [View Bio](/contributors/heather-bell)

 



 

 


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 [Leveraged](http://www.etf.com/topics/leveraged) 

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