Shares of ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) dropped 3.3% on Tuesday . The company traded as low as $13.19 and last traded at $13.28, approximately 2,199 shares changed hands during trading. A decline of 97% from the average daily volume of 77,650 shares. The stock had previously closed at $13.73.
The stock has a 50 day moving average price of $13.48 and a two-hundred day moving average price of $16.89.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Thursday, December 26th were given a $0.0413 dividend. This represents a $0.17 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Tuesday, December 24th.
About ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS)
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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