Short Interest in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Expands By 136.4%

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 5,200 shares, an increase of 136.4% from the December 31st total of 2,200 shares. Based on an average trading volume of 10,900 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On ProShares Ultra Nasdaq Biotechnology

A hedge fund recently raised its stake in ProShares Ultra Nasdaq Biotechnology stock. Jane Street Group LLC boosted its position in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & 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 at the end of the most recent quarter.

ProShares Ultra Nasdaq Biotechnology Price Performance

Shares of BIB traded down $0.52 on Monday, hitting $55.11. The company's stock had a trading volume of 25,776 shares, compared to its average volume of 9,188. ProShares Ultra Nasdaq Biotechnology has a fifty-two week low of $47.19 and a fifty-two week high of $69.56. The firm's fifty day moving average price is $54.17 and its 200-day moving average price is $60.31.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.3964 dividend. This is an increase from ProShares Ultra Nasdaq Biotechnology's previous dividend of $0.15. The ex-dividend date of this dividend was Monday, December 23rd.

ProShares Ultra Nasdaq Biotechnology Company Profile

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.