BIS

ProShares UltraShort Nasdaq Biotechnology
CLOSING PRICECHANGE (%)VOLUME
$22.06-0.23 (-1.03%)120.39K
3:59:00 p.m. (ET) 07/21/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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BIS Fund Description

The ProShares UltraShort NASDAQ Biotech provides -2x exposure to a market-cap weighted index of biotechnology and pharmaceutical companies listed on the NASDAQ.

BIS FactSet Analytics Insight

BIS provides daily geared inverse (-2x) exposure to the NASDAQ Biotechnology Index. It charges 95 bps for holding swaps on the index and the iShares Biotech ETF (IBB), which reaches beyond pure biotechnology into pharmaceuticals, and tilts smaller than our benchmark, in addition to excluding NYSE-listed firms. BIS has increased assets to a reasonable level, which has helped liquidity for investors, though spreads are still sizeable. Unfortunately, BIS is the only fund in the inverse biotech space. Note: BIS is a tactical tool. Due to daily compounding, it's unlikely to achieve its stated exposure and returns for longer than a one-day period, but with its high expense ratio, most investors probably won't want to hang onto it for long anyway.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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LAST 10 TRADES
TIMEPRICESHARES
15:57:4022.07100
15:50:0022.09100
15:50:0022.09100
12:04:3422.06200
12:04:2722.07100
12:04:2722.07100
12:04:2722.07100
12:04:2722.07100
11:55:5822.09100
11:54:5122.13400
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

BIS FactSet Analytics Block Liquidity

As of 07/21/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of BIS. BIS is rated a 5 out of 5.

BIS Summary Data

04/08/10
Open-Ended Fund
0.95%
$45.16 M

BIS Portfolio Data

0%
09/27/17

BIS Index Data

Market Cap
NASDAQ - Listed
N/A

BIS Fund Structure

Yes
No
0% / 100%
N/A
N/A
Medium
-2x
Daily

BIS Tax Exposures

20.00% / 39.60%
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No

BIS Tradability

65,051
$1.63 M
51,948
$1.3 M
0.22%
-0.03%
0.48% / -0.36%
None
50,000
1.04
0.02%
1,151
$22.29
5