ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) Trading 0.5% Higher – Here’s What Happened

ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS)’s stock price traded up 0.5% during trading on Monday . The company traded as high as $17.91 and last traded at $17.77. 19,883 shares changed hands during mid-day trading, an increase of 42% from the average session volume of 14,050 shares. The stock had previously closed at $17.68.

ProShares UltraShort Nasdaq Biotechnology Price Performance

The firm’s 50 day simple moving average is $15.19 and its two-hundred day simple moving average is $15.88.

ProShares UltraShort Nasdaq Biotechnology Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 25th were paid a $0.1518 dividend. The ex-dividend date was Wednesday, September 25th.

Institutional Trading of ProShares UltraShort Nasdaq Biotechnology

A hedge fund recently bought a new stake in ProShares UltraShort Nasdaq Biotechnology stock. Jane Street Group LLC purchased a new stake in ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,520 shares of the company’s stock, valued at approximately $158,000. Jane Street Group LLC owned approximately 4.78% of ProShares UltraShort Nasdaq Biotechnology as of its most recent SEC filing.

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.