Westwood Wealth Management Reduces Stock Position in ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB)

Westwood Wealth Management decreased its position in shares of ProShares Ultra Nasdaq Biotechnology (NASDAQ:BIB) by 42.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,000 shares of the exchange traded fund’s stock after selling 6,000 shares during the period. Westwood Wealth Management’s holdings in ProShares Ultra Nasdaq Biotechnology were worth $405,000 at the end of the most recent reporting period.

Separately, Jane Street Group LLC boosted its position in ProShares Ultra Nasdaq Biotechnology by 8.4% during the third quarter. Jane Street Group LLC now owns 4,803 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 374 shares in the last quarter.

ProShares Ultra Nasdaq Biotechnology Stock Down 11.2 %

Shares of BIB stock opened at $40.45 on Friday. The stock has a market cap of $44.90 million, a P/E ratio of 19.79 and a beta of 1.49. ProShares Ultra Nasdaq Biotechnology has a fifty-two week low of $40.37 and a fifty-two week high of $69.56. The business has a fifty day simple moving average of $53.44 and a 200-day simple moving average of $56.57.

ProShares Ultra Nasdaq Biotechnology Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Wednesday, March 26th were issued a dividend of $0.1309 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This represents a $0.52 annualized dividend and a yield of 1.29%.

ProShares Ultra Nasdaq Biotechnology 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.