Short Interest in ProShares Ultra Communication Services (NYSEARCA:LTL) Decreases By 83.1%

ProShares Ultra Communication Services (NYSEARCA:LTL) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 217 shares, a decrease of 83.1% from the July 15th total of 1,281 shares. Based on an average daily volume of 6,101 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On ProShares Ultra Communication Services

A number of large investors have recently made changes to their positions in LTL. Susquehanna International Group LLP boosted its position in ProShares Ultra Communication Services by 11.7% during the 3rd quarter. Susquehanna International Group LLP now owns 5,777 shares of the exchange traded fund’s stock worth $675,000 after acquiring an additional 607 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Ultra Communication Services in the 3rd quarter valued at about $99,000. Citadel Advisors LLC purchased a new stake in shares of ProShares Ultra Communication Services in the third quarter worth approximately $347,000. WealthCare Asset Management LLC acquired a new stake in shares of ProShares Ultra Communication Services during the fourth quarter worth approximately $710,000. Finally, IMC Chicago LLC grew its position in ProShares Ultra Communication Services by 431.4% during the fourth quarter. IMC Chicago LLC now owns 225,263 shares of the exchange traded fund’s stock valued at $6,399,000 after purchasing an additional 182,872 shares in the last quarter.

ProShares Ultra Communication Services Stock Performance

LTL traded down $0.46 during trading on Wednesday, reaching $23.72. The company had a trading volume of 915 shares, compared to its average volume of 6,902. The firm’s 50-day simple moving average is $23.91 and its 200 day simple moving average is $25.85. The company has a market cap of $6.40 million, a price-to-earnings ratio of 19.19 and a beta of 1.68. ProShares Ultra Communication Services has a 12-month low of $21.88 and a 12-month high of $29.67.

ProShares Ultra Communication Services Company Profile

ProShares Ultra Telecommunications (the Fund) seeks daily investment results that correspond to twice the daily performance of the Dow Jones U.S. Select Telecommunications Index (the Index). The Dow Jones U.S. Technology Index measures providers of fixed-line and mobile telephone services. Fixed-line includes regional and long-distance carriers. Mobile includes cellular, satellite and paging services. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.