ProShares UltraShort Nasdaq Biotechnology (BIS)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
11.46 USD
-0.51
(-4.256%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 11:17 a.m. EDT
This instrument is a leveraged inverse ETF tracking the Nasdaq Biotechnology sector, which has suffered a brutal multi-year decline. The underlying index has lost over 90% of its value in the last nine years, with the last three years showing consecutive negative returns. While the current price is hovering near its 52-week low, the momentum remains deeply bearish, with the price still down roughly 26% from its 200-day average. The statistical forecast model predicts a further 5% drop over the next 45 days, aligning with the persistent downtrend. Despite the 5.5% dividend yield, this payout is likely a result of capital erosion rather than sustainable cash flow, as the underlying assets are depreciating rapidly. The options market confirms this pessimism, with traders buying significant protection far out-of-the-money while offering almost no upside exposure. This is a high-risk speculative vehicle for betting on a biotech crash, not a long-term investment. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.053384 |
| MSTL | 0.138492 |
| AutoARIMA | 0.138627 |
| AutoETS | 0.138770 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 45% |
| H-stat | 1.08 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.120 |
| Excess Kurtosis | -0.58 |
As of Oct. 10, 2026, 11:17 a.m. EDT: Speculators are positioning for continued downside with heavy put open interest concentrated significantly out-of-the-money (OTM) at strikes 16, 20, and 21 across multiple expirations. Call activity is negligible and skewed toward OTM strikes, indicating a lack of bullish conviction. Implied volatility is extremely low for puts (near zero ATM), suggesting the market expects minimal immediate movement but maintains a structural bearish bias via the heavy tail of OTM protection.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 1.21% | 4.02% | 3.80% | 2.41% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-09-23 | 0.139 | 1.208696 |
| 2026-06-24 | 0.137 | 0.921318 |
| 2026-03-25 | 0.138 | 0.748373 |
| 2025-12-24 | 0.206 | 1.143174 |
| 2025-09-24 | 0.308 | 1.134021 |
| 2025-06-25 | 0.216 | 0.611898 |
| 2025-03-26 | 0.266 | 0.750141 |
| 2024-12-23 | 0.412 | 1.162528 |
| 2024-09-25 | 0.304 | 0.979381 |
| 2024-06-26 | 0.322 | 0.975167 |
| 2024-03-20 | 0.318 | 0.893258 |
| 2023-12-20 | 0.352 | 0.866568 |
| 2023-09-20 | 0.238 | 0.544872 |
| 2023-06-21 | 0.042 | 0.106599 |
| 2020-03-25 | 0.208 | 0.161994 |
| 2019-12-24 | 0.328 | 0.320312 |
| 2019-09-25 | 0.648 | 0.425197 |
| 2019-06-25 | 0.768 | 0.541761 |
| 2019-03-20 | 0.512 | 0.390720 |
| 2018-12-26 | 0.544 | 0.285355 |
| 2018-09-26 | 0.144 | 0.112711 |
| Attribute | Value |
|---|---|
| All Time High | 13,699.2 |
| All Time Low | 10.51 |
| Ask | 13.38 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 10,080 |
| Average Daily Volume3 Month | 8,329 |
| Average Volume | 8,329 |
| Average Volume10Days | 10,080 |
| Beta3 Year | -1.16 |
| Bid | 13.16 |
| Bid Size | 1 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 11.55 |
| Day Low | 11.34 |
| Display Name | UltraShort Nasdaq Biotechnology |
| Dividend Yield | 5.53 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 11.6124 |
| Fifty Day Average Change | -0.15190029 |
| Fifty Day Average Change Percent | -0.01308087 |
| Fifty Two Week Change Percent | -50.560833 |
| Fifty Two Week High | 23.7 |
| Fifty Two Week High Change | -12.239501 |
| Fifty Two Week High Change Percent | -0.5164346 |
| Fifty Two Week Low | 10.51 |
| Fifty Two Week Low Change | 0.95049953 |
| Fifty Two Week Low Change Percent | 0.090437636 |
| Fifty Two Week Range | 10.51 - 23.7 |
| First Trade Date Milliseconds | 1,270,819,800,000 |
| Five Year Average Return | -0.1861689 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.5095005 |
| Fullday Change Percent | -4.253103 |
| Fullday Price | 11.4605 |
| Fund Family | ProShares |
| Fund Inception Date | 1,270,512,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of a set of Nasdaq-listed biotechnology and pharmaceutical companies. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified. |
| Long Name | ProShares UltraShort Nasdaq Biotechnology |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_100661536 |
| Nav Price | 11.94 |
| Net Assets | 1,850,591.0 |
| Net Expense Ratio | 0.95 |
| Open | 11.445 |
| Previous Close | 11.97 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.5095005 |
| Regular Market Change Percent | -4.256479 |
| Regular Market Day High | 11.55 |
| Regular Market Day Low | 11.34 |
| Regular Market Day Range | 11.34 - 11.55 |
| Regular Market Open | 11.445 |
| Regular Market Previous Close | 11.97 |
| Regular Market Price | 11.4605 |
| Regular Market Time | 1,792,094,400 |
| Regular Market Volume | 13,433 |
| Short Name | ProShares UltraShort Nasdaq Bio |
| Source Interval | 15 |
| Symbol | BIS |
| Three Year Average Return | -0.33366853 |
| Total Assets | 1,850,591 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -16.74861 |
| Trailing Three Month Returns | -16.74861 |
| Triggerable | 1 |
| Two Hundred Day Average | 15.455 |
| Two Hundred Day Average Change | -3.9945002 |
| Two Hundred Day Average Change Percent | -0.25846004 |
| Type Disp | ETF |
| Volume | 13,433 |
| Yield | 0.0553 |
| Ytd Return | -39.25485 |