ProShares UltraShort Nasdaq Biotechnology to Issue Special Dividend of $0.02 (BIS)

ProShares UltraShort Nasdaq Biotechnology (NASDAQ:BIS) declared a special dividend on Thursday, September 27th, Wall Street Journal reports. Stockholders of record on Thursday, September 27th will be given a dividend of 0.0181 per share on Wednesday, October 3rd. The ex-dividend date of this dividend is Wednesday, September 26th.

Shares of NASDAQ:BIS traded down $0.31 on Thursday, hitting $15.66. The company’s stock had a trading volume of 37,211 shares, compared to its average volume of 53,153. ProShares UltraShort Nasdaq Biotechnology has a 12 month low of $15.53 and a 12 month high of $24.92.

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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