ProFunds Biotechnology UltraSector Fund Investor Class (BIPIX)
ProFunds Biotechnology UltraSector Fund Investor Class operates in the Asset Management industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $96.66, up 1.21% on the session, giving a market capitalisation of $376.6M. Its beta of 1.60 implies it has historically moved more than the broad market.
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 most often compared with the following Financial Services names: