ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Stock Price Pass Above Fifty Day Moving Average of $59.28 – Defense World

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB Get Free Report)s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $59.28 and traded as high as $65.21. ProShares Ultra Nasdaq Biotechnology shares last traded at $65.21, with a volume of 17,865 shares changing hands.

The stock has a 50 day simple moving average of $59.28 and a 200 day simple moving average of $57.27.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 26th were paid a $0.2648 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Wednesday, June 26th. This is a boost from ProShares Ultra Nasdaq Biotechnologys previous quarterly dividend of $0.04.

(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 days 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.

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ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Stock Price Pass Above Fifty Day Moving Average of $59.28 - Defense World