ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) Declares Dividend Increase – $0.14 Per Share

ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) announced a quarterly dividend on Tuesday, September 22nd. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.1389 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a 1.7% increase from ProShares UltraShort Nasdaq Biotechnology’s previous quarterly dividend of $0.14.

ProShares UltraShort Nasdaq Biotechnology Trading Up 3.4%

Shares of ProShares UltraShort Nasdaq Biotechnology stock traded up $0.38 during trading hours on Wednesday, hitting $11.50. 5,669 shares of the company’s stock traded hands, compared to its average volume of 7,914. ProShares UltraShort Nasdaq Biotechnology has a 12-month low of $10.51 and a 12-month high of $28.20. The company has a fifty day simple moving average of $12.27 and a 200-day simple moving average of $15.17.

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.