BIS Stock Summary and Trading Ideas (ProShares Ultrashort Nasdaq Biotechnology | NASDAQ:BIS)

ProShares UltraShort Nasdaq Biotechnology seeks daily investment results before fees and expenses that correspond to twice (200%) the inverse (opposite) of the daily performance of the NASDAQ Biotechnology Index.

ProShares Ultrashort Nasdaq Biotechnology trades on the NASDAQ stock market under the symbol BIS.

As of December 11, 2024, BIS stock price climbed to $16.39 with 3,751 million shares trading.

BIS has a market cap of $3.62 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BIS traded as high as $35.64 and as low as $14.05.

BIS has underperformed the market in the last year with a return of -23.2%, while the SPY ETF gained +33.7%. In the last 3 month period, BIS fell short of the market, returning +10.0%, while SPY returned +11.2%. However, in the most recent 2 weeks BIS has outperformed the stock market by returning +1.5%, while SPY returned +1.3%.

BIS support price is $15.90 and resistance is $16.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIS shares will trade within this expected range on the day.