ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) to Issue $0.14 Quarterly Dividend

ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS – Get Free Report) declared a quarterly dividend on Tuesday, June 23rd. Stockholders of record on Wednesday, June 24th will be given a dividend of 0.1366 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, June 24th.

ProShares UltraShort Nasdaq Biotechnology Stock Down 3.8%

Shares of BIS stock traded down $0.58 during trading on Wednesday, hitting $14.87. The company had a trading volume of 16,532 shares, compared to its average volume of 8,075. ProShares UltraShort Nasdaq Biotechnology has a 52 week low of $14.75 and a 52 week high of $35.69. The stock’s 50-day moving average is $16.95 and its two-hundred day moving average is $17.70.

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About ProShares UltraShort Nasdaq Biotechnology

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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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