UltraPro Short Nasdaq Biotechnology - ZBIO UltraPro Short Nasdaq Biotechnology

ProShares UltraProShort Nasdaq Biotechnology seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the NASDAQ Biotechnology Index®.

This short ProShares ETF seeks a return that is -3x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. For more on risks, please read the prospectus.

  • Read more about ProShares UltraPro and UltraPro Short ETFs.
  • Learn more about considerations for geared investing.

Index/Benchmark Summary

The Nasdaq Biotechnology Index is a modified capitalization weighted index that includes securities of The Nasdaq Stock Market listed companies that are classified as either biotechnology or pharmaceutical. The securities also meet other eligibility criteria determined by The Nasdaq OMX Group, Inc., including minimum market capitalization and liquidity requirements.

Fundamentals as of 9/30/19

Total Number of Companies 218
Price/Earnings Ratio 306.32
Price/Book Ratio 4.44
Dividend Yield *(%) 0.56
Average Index Market Capitalization $3.8 billion

* Derivative contracts are priced to reflect the underlying index yield and will not generate dividend income. Because ProShares invest in derivatives, they will not have dividend distributions that reflect those of their applicable indexes.

Index Holdings Information as of 9/30/19

Top 10 Index Companies Weight
Celgene Corp. 8.47%
Gilead Sciences Inc. 8.24%
Amgen Inc. 7.66%
Illumina Inc. 6.42%
Vertex Pharmaceuticals Inc. 6.25%
Biogen Inc. 4.38%
Regeneron Pharmaceuticals Inc. 3.95%
Alexion Pharmaceuticals Inc. 3.27%
Incyte Corp. 2.38%
Seattle Genetics Inc. 2.16%

ProShares may invest in financial instruments (including derivatives) that, in combination, should have similar daily price return characteristics to the fund's benchmark.

Index Holdings as of 9/30/19

Index Sector Weightings § Weight
Biotechnology 80.08%
Life Sciences Tools & Services 10.23%
Pharmaceuticals 8.30%
Health Care Equipment & Supplies 1.22%
Health Care Providers & Services 0.09%
Chemicals 0.07%

§ Sum of weightings may not equal 100% due to rounding.