ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) Raises Dividend to $0.17 Per Share

ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB - Get Free Report) declared a quarterly dividend on Tuesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Wednesday, June 25th will be paid a dividend of 0.1706 per share by the exchange traded fund on Tuesday, July 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, June 25th. This is a 30.3% increase from ProShares Ultra Nasdaq Biotechnology's previous quarterly dividend of $0.13.

ProShares Ultra Nasdaq Biotechnology Stock Down 0.5%

BIB traded down $0.24 during trading on Friday, reaching $45.79. The company had a trading volume of 4,002 shares, compared to its average volume of 11,301. The business has a 50 day simple moving average of $44.62 and a 200-day simple moving average of $49.03. The stock has a market cap of $50.37 million, a P/E ratio of 20.68 and a beta of 1.63. ProShares Ultra Nasdaq Biotechnology has a 52 week low of $33.78 and a 52 week high of $69.56.

ProShares Ultra Nasdaq Biotechnology Company Profile

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.