ProShares UltraShort Nasdaq ETF Profile
| BIS ETF | USD 8.51 -0.02 -0.23% |
Performance 0High 0 · Weak | NAV Risk Level HighLow 9 · Low |
ProShares UltraShort shares are quoted at $8.51, delivering 0.23% down on the day with an intraday range between $8.26 and $8.55 after opening at $8.53. Based on structural risk metrics, ProShares UltraShort reflects a 9% probability of significant NAV decline over the next few years. Over the last 90 trading days, ProShares UltraShort has delivered negative risk-adjusted returns, consistent with weak return metrics. The performance scores window runs from February 11, 2026 to May 12, 2026. Learn more.
One Year Return -58.00 | Total Asset | Etf Asset Type Equity | Category Trading--Inverse Equity | Ten Year Return -25.10 |
| 0.71 | SH | ProShares Short SAMPP500 | PairCorr |
| 0.72 | SPXU | ProShares UltraPro Short | PairCorr |
| 0.71 | SDS | ProShares UltraShort SAMPP500 | PairCorr |
| 0.62 | SPXS | Direxion Daily SAMPP | PairCorr |
ProShares UltraShort Nasdaq [BIS] is traded in USA. The fund is classified under the Trading--Inverse Equity category within the ProShares family. The entity is thematically classified as Sector ETFs. ProShares UltraShort currently has $8.74 million in assets under management (AUM). The total return for the last 3 years is -21.5%. ProShares UltraShort is an operator in the trading--inverse equity segment where revenue is driven by core operating activity and end-market demand.
Open Interest Against 2026-05-15 ProShares Option Contracts
This short options snapshot for ProShares UltraShort Nasdaq focuses on May 15, 2026. Available listings include 13 calls and 11 puts, for 24 total contracts. Current chain readings show implied volatility near 1.27 and put/call open-interest ratio around 1.33. Open interest and volume details are available in the full chain. View Options.Open interest provides a structural view of ProShares UltraShort options market engagement. Changes in open contracts for ProShares UltraShort may reflect positioning activity.
ETF Notable Updates
| Legal Name | ProShares UltraShort Nasdaq Biotechnology |
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Health Care ETFs, Trading--Inverse Equity, ProShares, (View all Sectors) |
Additional ETF Information
| Issuer | ProShares |
| Inception Date | 2010-04-07 |
| Benchmark | Nasdaq Biotechnology Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.4 million |
| Average Trading Volume | 21,026 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Health Care |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | J.P. Morgan Investor Services Co. |
| Advisor | ProShare Advisors, LLC |
| Custodian | JPMorgan Chase Bank, N.A. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Michael Neches, Tarak Dave |
| Transfer Agent | J.P. Morgan Chase Bank, N.A. |
| Fiscal Year End | 31-May |
| Exchange | NASDAQ |
| Number of Constituents | 13 |
| Market Maker | Virtu Financial |
| Total Expense | 2.42 |
| Management Fee | 0.75 |
| Country Name | USA |
| Returns Y T D | -9.53 |
| Name | ProShares UltraShort Nasdaq Biotechnology |
| Currency Code | USD |
| Open Figi | BBG000QMCF87 |
| In Threey Volatility | 31.24 |
| 1y Volatility | 26.62 |
| 200 Day M A | 10.7177 |
| 50 Day M A | 8.8202 |
| Code | BIS |
| Updated At | 11th of May 2026 |
| Currency Name | US Dollar |
Sector Allocation
Spreading investments across sectors reduces concentration risk and improves return stability. A broader allocation in ProShares ETF reduces concentrated exposure but may also compress returns. The risk-return tradeoff of ProShares ETF is shaped by the breadth of its sector diversification. The diversification level of ProShares ETF provides context for expected risk-adjusted performance.
For investors seeking sector exposure, ProShares UltraShort Nasdaq ETF offers a low-cost portfolio construction alternative. This approach supports sector diversification without the overhead of custom portfolio construction. Sector concentration is a key dimension of portfolio risk that investors often track against their own tolerance levels. Sector weight awareness reveals the diversification characteristics of ETFs like ProShares UltraShort Nasdaq ETF.
Common Risk Profiles
Analysts commonly use CAPM to establish the acceptable rate of return for investing in ProShares UltraShort. Alpha and beta are the CAPM metrics that analysts use to characterize the risk-return tradeoff. The CAPM framework applied to ProShares UltraShort reveals whether return expectations align with measured risk. Understanding ProShares UltraShort alpha and beta is essential for making risk-informed allocation decisions.
| Mean Deviation | 2.23 | |||
| Standard Deviation | 2.88 | |||
| Variance | 8.28 | |||
| Risk Adjusted Performance | -0.01 |
Technical Analysis
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Inverse Tangent (Arctangent) transformation applies the arctangent function to ProShares UltraShort's price series, compressing large price values into a bounded range. This can normalize extreme price movements and reveal underlying directional shifts.
ProShares UltraShort Nasdaq Against Markets
| NYA | 0.12 | ||||
| BIS | 0.23 |
| Competition | Compare Correlations |
Investor Insights and Alerts
| ProShares UltraShort generated a negative expected return over the last 90 days | |
| Latest headline from kalkinemedia.com: ASX 200 Dividend Shares Driving Attention This April | |
| This fund generated-25.0 ten year return of -25.0% |
Thematic Classifications
Thematic context for ProShares UltraShort in Trading--Inverse Equity reveals which broader trends, sectors, or policy shifts support the position. With 8.7 M in assets, UltraShort's thematic classification helps separate broad-participation funds from targeted exposure vehicles. UltraShort from ProShares can appear in multiple themes. The primary classification matters most for allocation decisions.
 | Sector ETFsUSA ETFs from Sector classification | |
| Health Care ETFsUSA ETFs from Health Care classification |
Top ProShares UltraShort Nasdaq ETF Constituents
Predictive Daily Indicators
A consistent pattern across several indicators carries more weight than a single extreme reading. Rate of change and momentum oscillators help identify when a session trend is accelerating or losing conviction. Technical and daily signals are most actionable when the broader market has a clear directional bias.
Forecast Models
Since inception on 2010-04-06, ProShares UltraShort's forecast quality depends on how closely current conditions resemble the training sample. ProShares UltraShort averaged -21.5% over three years. Forecast accuracy degrades over longer horizons as new information compounds. For ProShares UltraShort in North America, forecast uncertainty tends to increase during earnings season and macro event windows.ETF Overview, Methodology & Data Sources
Liquidity conditions influence execution cost and price efficiency. Lower trading activity may introduce occasional variability in execution conditions. The five-year return stands at -16.0%.
Methodology
Unless otherwise specified, data for ProShares UltraShort Nasdaq is derived from fund disclosures (prospectus language, holdings reports, and periodic statements where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on instrument type. ProShares UltraShort Nasdaq market data and reported NAV may reflect delayed updates. Data may be delayed depending on reporting sources and market conventions. All analytics presented are generated using Macroaxis quantitative models that incorporate financial statement analysis, market data, and risk metrics to ensure consistency and comparability. Indicative intraday values (IIV), where published, may provide additional context for premium or discount behavior relative to reported NAV. Assumptions: We use public fund disclosures, holdings reports, and market data feeds with disclosures published by U.S. Securities and Exchange Commission (SEC) via EDGAR as reference inputs. Data may be normalized and can be delayed. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.
Research Sources
ProShares UltraShort Nasdaq may have reference inputs that incorporate holdings disclosures, category classification, and NAV-derived statistics where available. Updates may occur throughout the day.
Editorial review and methodology oversight provided by: Vlad Skutelnik, Macroaxis Contributor