ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Get Free Report) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 21,029 shares, an increase of 99.1% from the January 15th total of 10,560 shares. Based on an average daily trading volume, of 18,168 shares, the short-interest ratio is currently 1.2 days. Approximately 7.0% of the company’s stock are sold short. Approximately 7.0% of the company’s stock are sold short. Based on an average daily trading volume, of 18,168 shares, the short-interest ratio is currently 1.2 days.
ProShares UltraShort Nasdaq Biotechnology Stock Up 1.9%
Shares of ProShares UltraShort Nasdaq Biotechnology stock opened at $8.91 on Friday. ProShares UltraShort Nasdaq Biotechnology has a 52-week low of $8.37 and a 52-week high of $25.87. The company has a 50-day simple moving average of $9.16 and a two-hundred day simple moving average of $11.44.
ProShares UltraShort Nasdaq Biotechnology Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1026 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Wednesday, December 24th.
Institutional Inflows and Outflows
About ProShares UltraShort Nasdaq Biotechnology
ProShares Ultra Nasdaq Biotechnology (the Fund) seeks investment results for a single day only, not for longer periods. The Fund seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Index. The return of the Fund for a period longer than a single trading day will be the result of each day’s returns compounded over the period, which will very likely differ from twice (200%) the return of the Nasdaq Biotechnology Index (the Index) for that period.
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