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

Posted by Kyle Jackson on Feb 8th, 2025

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB – Get Free Report) shares crossed 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 traded.

ProShares Ultra Nasdaq Biotechnology Stock Performance

The firm’s 50 day moving average is $53.86 and its two-hundred day moving average is $60.05.

ProShares Ultra Nasdaq Biotechnology Increases Dividend

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

Institutional Trading of ProShares Ultra Nasdaq Biotechnology

A hedge fund recently raised its stake in ProShares Ultra Nasdaq Biotechnology stock. Jane Street Group LLC grew 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 SEC. The fund owned 4,803 shares of the exchange traded fund’s stock after acquiring an additional 374 shares during the period. Jane Street Group LLC owned about 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.