ProShares, the originator of dozens of other leveraged long and short ETFs has now launched a Daily 2X Return ETF for both the long and short Nasdaq Biotechnology Index. I highlighted earlier in the week how there are several non-leveraged Biotech ETFs with varying returns due to their composition, but many of them are breaking multi-year highs nonetheless given the flurry of activity in the space. As large pharmas scramble to fill voids left by expiring blockbusters and biotechs simultaneously commercialize viable candidates, now is the nexus of the next leg in the Biotech bull market. These new leveraged ETFs will allow for supercharged near term trading returns, but as always, I do not suggest holding them long-term due to leveraged ETF decay.
The tickers are as follows:
(BIB) Ultra NasdaqBiotechnology +200% Daily
(BIS) UltraShort NasdaqBiotechnology -200% Daily
The NASDAQ Biotechnology Index is calculated under a modified capitalization-weighted methodology. The index is comprised of the following companies:
ACOR Acorda Therapeutics, Inc.
ADLR Adolor Corporation
AFFX Affymetrix, Inc.
AKRX Akorn, Inc.
AMRI Albany Molecular Research, Inc.
ALXN Alexion Pharmaceuticals, Inc.
ALXA Alexza Pharmaceuticals, Inc.
ALKS Alkermes, Inc.
ALTH Allos Therapeutics, Inc.
ALNY Alnylam Pharmaceuticals, Inc.
AMAG AMAG Pharmaceuticals, Inc.
AMGN Amgen Inc.
AMLN Amylin Pharmaceuticals, Inc.
ARNA Arena Pharmaceuticals, Inc.
ARIA ARIAD Pharmaceuticals, Inc.
ARQL ArQule, Inc.
ARRY Array BioPharma Inc.
AUXL Auxilium Pharmaceuticals, Inc.
BCRX BioCryst Pharmaceuticals, Inc.
BIOD Biodel Inc.
BIIB Biogen Idec Inc
BMRN BioMarin Pharmaceutical Inc.
BMTI BioMimetic Therapeutics, Inc.
BJGP BMP Sunstone Corporation
CADX Cadence Pharmaceuticals, Inc.
CRME Cardiome Pharma Corporation
CRA Celera Corporation
CELG Celgene Corporation
CEPH Cephalon, Inc.
CSKI China Sky One Medical, Inc.
CBRX Columbia Laboratories, Inc.
CRXL Crucell NV
CBST Cubist Pharmaceuticals, Inc.
CYPB Cypress Bioscience, Inc.
CYTK Cytokinetics, Incorporated
DNDN Dendreon Corporation
DEPO Depomed, Inc.
DSCO Discovery Laboratories, Inc.
DRRX Durect Corporation
DYAX Dyax Corp.
ENDP Endo Pharmaceuticals Holdings Inc.
ENZN Enzon Pharmaceuticals, Inc.
EXEL Exelixis, Inc.
FACT Facet Biotech Corporation
FLML Flamel Technologies S.A.
GPRO Gen-Probe Incorporated
GHDX Genomic Health, Inc.
GENZ Genzyme Corporation
GERN Geron Corporation
GILD Gilead Sciences, Inc.
GTXI GTx, Inc.
HALO Halozyme Therapeutics, Inc.
HITK Hi-Tech Pharmacal Co., Inc.
HGSI Human Genome Sciences, Inc.
IDIX Idenix Pharmaceuticals, Inc.
ILMN Illumina, Inc.
IMGN ImmunoGen, Inc.
IMMU Immunomedics, Inc.
IPXL Impax Laboratories, Inc.
INCY Incyte Corporation
ISPH Inspire Pharmaceuticals, Inc.
ITMN InterMune, Inc.
ISIS Isis Pharmaceuticals, Inc.
LXRX Lexicon Pharmaceuticals, Inc.
LIFE Life Technologies Corporation
LGND Ligand Pharmaceuticals Incorporated
LMNX Luminex Corporation
MNKD MannKind Corporation
MAXY Maxygen, Inc.
MDVN Medivation, Inc.
MITI Micromet, Inc.
MBRK MiddleBrook Pharmaceuticals, Inc.
MNTA Momenta Pharmaceuticals, Inc.
MYL Mylan Inc.
MYGN Myriad Genetics, Inc.
NABI Nabi Biopharmaceuticals
NKTR Nektar Therapeutics
NBIX Neurocrine Biosciences, Inc.
NVAX Novavax, Inc.
NPSP NPS Pharmaceuticals, Inc.
OMPI Obagi Medical Products, Inc.
ONXX ONYX Pharmaceuticals, Inc.
OPTR Optimer Pharmaceuticals, Inc.
OREX Orexigen Therapeutics, Inc.
OSIP OSI Pharmaceuticals Inc.
OSIR Osiris Therapeutics, Inc.
PTIE Pain Therapeutics
PDLI PDL BioPharma, Inc.
PRGO Perrigo Company
VRUS Pharmasset, Inc.
PARD Poniard Pharmaceuticals, Inc.
POZN Pozen, Inc.
PGNX Progenics Pharmaceuticals Inc.
QGEN Qiagen N.V.
QLTI QLT Inc.
QCOR Questcor Pharmaceuticals, Inc.
REGN Regeneron Pharmaceuticals, Inc.
RIGL Rigel Pharmaceuticals, Inc.
SLXP Salix Pharmaceuticals, Ltd.
SGMO Sangamo BioSciences, Inc.
SNTS Santarus, Inc.
SVNT Savient Pharmaceuticals Inc
SGEN Seattle Genetics, Inc.
SQNM Sequenom, Inc.
SHPGY Shire plc
SIGA SIGA Technologies Inc.
SPPI Spectrum Pharmaceuticals, Inc.
STEM StemCells, Inc.
SUPG SuperGen, Inc.
SNTA Synta Pharmaceuticals Corp.
TRGT Targacept, Inc.
TECH Techne Corporation
TEVA Teva Pharmaceutical Industries Limited
MDCO The Medicines Company
THRX Theravance, Inc.
UTHR United Therapeutics Corporation
VNDA Vanda Pharmaceuticals Inc.
VRTX Vertex Pharmaceuticals Incorporated
VICL Vical Incorporated
VPHM ViroPharma Incorporated
VVUS VIVUS, Inc.
WCRX Warner Chilcott plc
XNPT XenoPort, Inc.
XOMA XOMA Ltd.
ZGEN ZymoGenetics, Inc.
Disclosure: no position in either BIB, BIS or any other Biotech ETFs.