ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Get Free Report)’s share price dropped 1.1% during trading on Wednesday . The company traded as low as $13.55 and last traded at $13.59. 3,910 shares were traded during trading, a decline of 52% from the average daily volume of 8,213 shares. The stock had previously closed at $13.74.
ProShares UltraShort Nasdaq Biotechnology Price Performance
The business has a fifty day simple moving average of $15.79 and a two-hundred day simple moving average of $17.04.
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.
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