ProShares UltraShort Nasdaq Biotechnology
BIS NASDAQ
ProShares UltraShort Nasdaq Biotechnology seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. This short ProShares ETF seeks a return that is -2x the return of its underlying benchmark...
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- Fund size
- 22.1M as of Feb 2020
- Expense ratio
- 0.95% per year
- Dividend yield
- 3.63% Quarterly
- Volatility · 1Y
- 45.0% High Risk
- Beta
- -1.44 vs the market
- 52-week range
- 10.4023.10
How BIS has paid off
Price return over every period, and total return with dividends reinvested, set against its benchmark.
Return by period
Price · to Oct 13Total return vs benchmark
Total Market US Cap Weighted 1200 IndexOver 1 year, BIS returned −44.7% with dividends reinvested — −98.4 pts behind its benchmark.
How bumpy is the ride?
Return only means something next to the risk taken to earn it. Volatility, drawdowns and market sensitivity over 1 year.
Volatility
Annualized · 1YA typical year sees the price swing about ±45% around its trend.
Drawdown from peak
How far below its previous high the price has been Deepest fall −55.0% on Aug 19, 2026 — 309 days after the previous high
More than 5% below a high 97% of the time.
Risk vs reward
1YOver 1 year, BIS delivered less return with more risk than its benchmark.
Market sensitivity
BetaA beta of -1.44 means BIS has moved less than the market.
Trend & momentum
Where the price sits against its moving averages, and how stretched the recent move is.
Price vs moving averages
Downtrend- 12-day average11.76 +4.7%
- 26-day average11.66 +5.7%
- 50-day average11.96 +3.0%
- 200-day average15.68 −21.4%
The price is above 3 of 4 averages. The 50-day average is below the 200-day, a sign of a falling longer-term trend.
Relative strength (RSI)
NeutralRSI compares recent gains with recent losses on a 0–100 scale. Above 70 a move is often considered stretched, below 30 washed out.
Technical indicators describe past prices. They are not a forecast.
Inside the fund
Health Care · Inverse — tracking the Nasdaq Biotechnology Index®.
- Assets under management22.1MUSD
- Expense ratio0.95%per year
- Holdings52
- Risk score6.9Medium
Launched April 2010. Listed options available. Fund data as of Feb 27, 2020.
What it pays you
Cash distributions over the last twelve months, and how they have grown.
About 36 USD a year for every 1,000 USD invested at today's price.
- Per share
- 0.45
- Frequency
- Quarterly
- Last paid
- Sep 23, 2026
Last 12 months
0.45 USD / shareWhere BIS shows up
Curated themes and indices that hold BIS. Open one to see it in context, or test the whole theme in a portfolio.
About ProShares UltraShort Nasdaq Biotechnology
ProShares UltraShort Nasdaq Biotechnology seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Nasdaq Biotechnology Index®. This short ProShares ETF seeks a return that is -2x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next
- Featured in 1 curated theme
- 52 holdings
- Ticker
- BIS
- Exchange
- NASDAQ
- ISIN
- US74347G8380
- CUSIP
- 74347G838
- Currency
- U.S. Dollar (USD)
- Country
- USA
- Sector
- Health Care
- Industry
- Inverse
- Benchmark
- Total Market US Cap Weighted 1200 Index
All key statistics
Details
Shareas of Oct 13, 2026
Dataas of Feb 27, 2020
Put BIS to the test
See how it would change the return and the risk of a portfolio, with virtual money, before a single real dollar moves.
Data for information only, not investment advice. Past performance does not guarantee future results.