ProShares Ultra Nasdaq Biotechnology

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Sector: Miscellaneous

Industry: Investment Trusts/Mutual Funds

Div Yield: 0.16%

BIB, having been around since 2010, is a leveraged play on the NASDAQ Biotechnology Index (which is also tracked in unlevered form by iShares' IBB), and is heavily focused on NASDAQs biotechnology and pharmaceutical firms with a large-cap bias. The fund gains its 2x leveraged exposure to the index through several financial instruments (i.e. equity securities, derivatives and money-market instruments), and rebalances its exposure daily. Like all geared funds that rebalance daily, BIB is meant for short-term trading since compounding effects over the long-term could create vast differences from expected returnsfor good or for ill.

Historical performance and chart data for ProShares Ultra Nasdaq Biotechnology

Chart Data is delayed by at least 1 hour on this exchange

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