ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Short Interest Update

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 3,900 shares, a decrease of 7.1% from the November 30th total of 4,200 shares. Based on an average daily volume of 12,300 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Biotechnology

An institutional investor recently raised its position in ProShares Ultra Nasdaq Biotechnology stock. Jane Street Group LLC raised its stake in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,803 shares of the exchange traded fund’s stock after purchasing an additional 374 shares during the quarter. Jane Street Group LLC owned about 0.35% of ProShares Ultra Nasdaq Biotechnology worth $306,000 at the end of the most recent quarter.

ProShares Ultra Nasdaq Biotechnology Stock Down 3.3 %

NASDAQ BIB traded down $1.73 during mid-day trading on Monday, reaching $50.10. 16,934 shares of the stock were exchanged, compared to its average volume of 22,108. ProShares Ultra Nasdaq Biotechnology has a 1-year low of $47.19 and a 1-year high of $69.56. The business’s fifty day simple moving average is $58.40 and its 200 day simple moving average is $61.75.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be given a $0.3964 dividend. The ex-dividend date of this dividend is Monday, December 23rd. This is an increase from ProShares Ultra Nasdaq Biotechnology’s previous dividend of $0.15.

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.