Short Interest in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Declines By 52.8%

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 4,200 shares, a drop of 52.8% from the November 15th total of 8,900 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of ProShares Ultra Nasdaq Biotechnology

An institutional investor recently raised its position in ProShares Ultra Nasdaq Biotechnology stock. Jane Street Group LLC grew its holdings in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,803 shares of the exchange traded fund’s stock after acquiring an additional 374 shares during the quarter. Jane Street Group LLC owned 0.35% of ProShares Ultra Nasdaq Biotechnology worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

ProShares Ultra Nasdaq Biotechnology Stock Down 1.5 %

ProShares Ultra Nasdaq Biotechnology stock traded down $0.85 on Friday, reaching $54.54. 12,947 shares of the stock were exchanged, compared to its average volume of 22,599. ProShares Ultra Nasdaq Biotechnology has a twelve month low of $47.19 and a twelve month high of $69.56. The firm has a fifty day moving average price of $60.56 and a two-hundred day moving average price of $62.05.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, September 25th were paid a dividend of $0.1528 per share. This is an increase from ProShares Ultra Nasdaq Biotechnology’s previous dividend of $0.04. The ex-dividend date of this dividend was Wednesday, September 25th.

ProShares Ultra Nasdaq Biotechnology Company Profile

ProShares Ultra Nasdaq Biotechnology (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 the inverse of the return of the Dow Jones United States Basic Materials Index (the Index) for that period.