ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Get Free Report) dropped 3% during trading on Tuesday . The company traded as low as $17.05 and last traded at $17.19. Approximately 11,124 shares were traded during trading, an increase of 34% from the average daily volume of 8,300 shares. The stock had previously closed at $17.73.
ProShares UltraShort Nasdaq Biotechnology Trading Down 3.0%
The stock’s 50 day moving average price is $17.19 and its 200 day moving average price is $17.89.
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.
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