Key stats
About ProShares Ultra Nasdaq Biotechnology
Expense ratio
0.95%
Home page
Inception date
Apr 7, 2010
ISIN
US74347R2141
BIB, having been around since 2010, is a leveraged play on the NASDAQ Biotechnology Index (which is also tracked in unlevered form by iShares' IBB), and is heavily focused on NASDAQs biotechnology and pharmaceutical firms with a large-cap bias. The fund gains its 2x leveraged exposure to the index through several financial instruments (i.e. equity securities, derivatives and money-market instruments), and rebalances its exposure daily. Like all geared funds that rebalance daily, BIB is meant for short-term trading since compounding effects over the long-term could create vast differences from expected returnsfor good or for ill.
Classification
What's in the fund
Exposure type
Health Technology
Government
Stock breakdown by region