ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Get Free Report)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.02 and traded as low as $10.88. ProShares UltraShort Nasdaq Biotechnology shares last traded at $11.31, with a volume of 7,079 shares.
ProShares UltraShort Nasdaq Biotechnology Stock Performance
The business has a 50 day moving average of $13.02 and a 200 day moving average of $15.87.
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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