ProShares Ultra Communication Services $LTL Shares Sold by IMC Chicago LLC

IMC Chicago LLC trimmed its position in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) by 71.9% in the first quarter, HoldingsChannel.com reports. The fund owned 63,261 shares of the exchange traded fund’s stock after selling 162,002 shares during the period. IMC Chicago LLC owned 0.21% of ProShares Ultra Communication Services worth $1,563,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. WealthCare Asset Management LLC purchased a new stake in ProShares Ultra Communication Services during the fourth quarter worth about $710,000. Citadel Advisors LLC purchased a new position in shares of ProShares Ultra Communication Services in the third quarter valued at approximately $347,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of ProShares Ultra Communication Services in the third quarter valued at approximately $99,000. Finally, Susquehanna International Group LLP grew its holdings in shares of ProShares Ultra Communication Services by 11.7% in the third quarter. Susquehanna International Group LLP now owns 5,777 shares of the exchange traded fund’s stock valued at $675,000 after purchasing an additional 607 shares in the last quarter.

ProShares Ultra Communication Services Stock Up 3.4%

Shares of LTL opened at $25.37 on Thursday. ProShares Ultra Communication Services has a fifty-two week low of $21.88 and a fifty-two week high of $29.67. The firm’s 50 day moving average price is $25.12 and its 200 day moving average price is $26.41. The company has a market cap of $6.85 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.