ProShares Ultra Communication Services (NYSEARCA:LTL) Short Interest Update

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. IMC Chicago LLC lifted its position in ProShares Ultra Communication Services by 431.4% during the 4th quarter. IMC Chicago LLC now owns 225,263 shares of the exchange traded fund’s stock worth $6,399,000 after acquiring an additional 182,872 shares during the last quarter. WealthCare Asset Management LLC acquired a new position in shares of ProShares Ultra Communication Services during the 4th quarter worth about $710,000. Citadel Advisors LLC bought a new stake in ProShares Ultra Communication Services during the 3rd quarter valued at approximately $347,000. Northwestern Mutual Wealth Management Co. acquired a new stake in ProShares Ultra Communication Services in the 3rd quarter valued at approximately $99,000. Finally, Susquehanna International Group LLP increased its position in ProShares Ultra Communication Services by 11.7% in the 3rd quarter. Susquehanna International Group LLP now owns 5,777 shares of the exchange traded fund’s stock worth $675,000 after buying an additional 607 shares during the period.

ProShares Ultra Communication Services Trading Down 1.9%

ProShares Ultra Communication Services stock traded down $0.46 during trading hours on Wednesday, reaching $23.72. 915 shares of the company were exchanged, compared to its average volume of 6,902. ProShares Ultra Communication Services has a 12 month low of $21.88 and a 12 month high of $29.67. The stock has a 50-day moving average of $23.91 and a 200 day moving average of $25.85. The firm 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 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.