ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) Short Interest Down 62.5% in May

ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,057 shares, a decline of 62.5% from the May 14th total of 16,140 shares. Currently, 4.3% of the company’s shares are sold short. Based on an average daily trading volume, of 5,518 shares, the short-interest ratio is presently 1.1 days.

ProShares UltraShort Nasdaq Biotechnology Stock Down 0.4%

NASDAQ:BIS traded down $0.06 during trading hours on Friday, hitting $16.80. The stock had a trading volume of 4,228 shares, compared to its average volume of 8,198. ProShares UltraShort Nasdaq Biotechnology has a one year low of $15.90 and a one year high of $36.80. The business’s 50 day moving average is $17.13 and its 200-day moving average is $17.84.

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.