ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) to Issue Quarterly Dividend of $0.13

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) declared a quarterly dividend on Tuesday, March 25th, NASDAQ Dividends reports. Investors of record on Wednesday, March 26th will be given a dividend of 0.1309 per share by the exchange traded fund on Tuesday, April 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, March 26th.

ProShares Ultra Nasdaq Biotechnology Stock Down 3.2 %

ProShares Ultra Nasdaq Biotechnology stock traded down $1.66 during mid-day trading on Wednesday, reaching $50.63. 4,873 shares of the company’s stock traded hands, compared to its average volume of 14,852. ProShares Ultra Nasdaq Biotechnology has a 12-month low of $47.20 and a 12-month high of $69.56. The stock has a 50 day moving average of $54.24 and a two-hundred day moving average of $57.55. The company has a market cap of $59.74 million, a price-to-earnings ratio of 26.77 and a beta of 1.63.

About ProShares Ultra Nasdaq Biotechnology

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.