ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Get Free Report) announced a quarterly dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be given a dividend of 0.1026 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Wednesday, December 24th.
ProShares UltraShort Nasdaq Biotechnology Price Performance
Shares of ProShares UltraShort Nasdaq Biotechnology stock opened at $9.03 on Wednesday. ProShares UltraShort Nasdaq Biotechnology has a 52-week low of $9.14 and a 52-week high of $25.87. The firm has a 50-day moving average of $10.31 and a 200-day moving average of $13.40.
Hedge Funds Weigh In On ProShares UltraShort Nasdaq Biotechnology
An institutional investor recently bought a new position in ProShares UltraShort Nasdaq Biotechnology stock. Csenge Advisory Group bought a new position in ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,421 shares of the company’s stock, valued at approximately $163,000. Csenge Advisory Group owned about 6.54% of ProShares UltraShort Nasdaq Biotechnology at the end of the most recent quarter.
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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