ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) Short Interest Up 58.6% in July

ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 7,292 shares, a growth of 58.6% from the July 15th total of 4,599 shares. Approximately 4.3% of the company’s shares are sold short. Based on an average trading volume of 4,832 shares, the short-interest ratio is currently 1.5 days.

ProShares UltraShort Nasdaq Biotechnology Price Performance

Shares of ProShares UltraShort Nasdaq Biotechnology stock opened at $10.53 on Thursday. ProShares UltraShort Nasdaq Biotechnology has a fifty-two week low of $10.51 and a fifty-two week high of $29.18. The business’s fifty day moving average is $13.82 and its two-hundred day moving average is $16.19.

ProShares UltraShort Nasdaq Biotechnology Company Profile

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.