ProShares Ultra Communication Services (NYSEARCA:LTL) Stock Short Interest Climbs 434.3%

ProShares Ultra Communication Services (NYSEARCA:LTL) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 52,624 shares, an increase of 434.3% from the September 30th total of 9,849 shares. Based on an average trading volume of 47,244 shares, the days-to-cover ratio is currently 1.1 days. Currently, 25.1% of the company’s stock are short sold.

ProShares Ultra Communication Services Stock Down 5.3%

Shares of NYSEARCA:LTL traded down $1.10 during trading on Thursday, reaching $19.61. 1,650 shares of the company traded hands, compared to its average volume of 13,368. ProShares Ultra Communication Services has a 1-year low of $19.77 and a 1-year high of $29.38. The firm has a fifty day simple moving average of $23.96 and a 200 day simple moving average of $25.42. The firm has a market cap of $3.73 million, a P/E ratio of 19.19 and a beta of 1.68.

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.