ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Stock Pass Above 50-Day Moving Average – What’s Next?

Posted by Cynthia Vaughn on Feb 7th, 2025

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB – Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $53.96 and traded as high as $58.94. ProShares Ultra Nasdaq Biotechnology shares last traded at $56.96, with a volume of 16,375 shares changing hands.

ProShares Ultra Nasdaq Biotechnology Price Performance

The stock has a fifty day moving average price of $53.96 and a two-hundred day moving average price of $60.13.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Ultra Nasdaq Biotechnology stock. Jane Street Group LLC boosted its stake in shares of ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB – Free Report) by 8.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.35% of ProShares Ultra Nasdaq Biotechnology worth $306,000 at the end of the most recent reporting period.

ProShares Ultra Nasdaq Biotechnology Company Profile

(Get Free Report)

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.