ProFunds Biotechnology UltraSector Fund Investor Class (BIPIX) Stock
This fund's primary objective is to generate daily investment returns that are one and a half times (1.5x) the daily movement of the Dow Jones U.S. BiotechnologySM Index, before any deductions for fees and expenses.
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About ProFunds Biotechnology UltraSector Fund Investor Class
This fund's primary objective is to generate daily investment returns that are one and a half times (1.5x) the daily movement of the Dow Jones U.S. BiotechnologySM Index, before any deductions for fees and expenses. To achieve this leveraged daily exposure, the fund strategically allocates its assets to various financial instruments that the adviser expects will produce results aligned with its specific investment goal. The aforementioned index serves as a benchmark, monitoring the performance of select companies within the biotechnology sector of the American stock market. It is important to note that this fund is not diversified, indicating a concentrated investment strategy.
ProFunds Biotechnology UltraSector Fund Investor Class is headquartered in US.
ProFunds Biotechnology UltraSector Fund Investor Class (BIPIX) stock trades at $95.52 with a market capitalization of $372.17M. The stock is valued at a price-to-earnings (P/E) ratio of 3.67. Over the past 52 weeks the stock has ranged between $40.07 and $101.73, and currently trades 6.1% below its 52-week high. It pays a dividend yielding 2.86%.
Official website: www.profunds.com/mutual-funds/biotechnology