Short Interest in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Decreases By 43.6%

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,200 shares, a decrease of 43.6% from the December 31st total of 3,900 shares. Based on an average trading volume of 11,000 shares, the short-interest ratio is presently 0.2 days.

ProShares Ultra Nasdaq Biotechnology Price Performance

Shares of NASDAQ BIB traded up $1.19 during midday trading on Thursday, reaching $56.01. The company’s stock had a trading volume of 6,411 shares, compared to its average volume of 8,543. The firm has a 50 day moving average price of $54.20 and a 200-day moving average price of $60.49. ProShares Ultra Nasdaq Biotechnology has a 12-month low of $47.19 and a 12-month high of $69.56.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.3964 dividend. The ex-dividend date was Monday, December 23rd. This is a boost from ProShares Ultra Nasdaq Biotechnology’s previous dividend of $0.15.

Institutional Investors Weigh In On ProShares Ultra Nasdaq Biotechnology

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

About ProShares Ultra Nasdaq Biotechnology

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.