ProShares Ultra Communication Services (NYSEARCA:LTL) Stock Short Interest Rises 125.6%

ProShares Ultra Communication Services (NYSEARCA:LTL) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 13,495 shares, a growth of 125.6% from the August 31st total of 5,982 shares. Based on an average daily trading volume, of 10,765 shares, the short-interest ratio is currently 1.3 days. Currently, 6.1% of the shares of the company are short sold.

ProShares Ultra Communication Services Stock Down 0.4%

Shares of LTL stock traded down $0.09 during mid-day trading on Tuesday, hitting $23.81. 7,212 shares of the stock were exchanged, compared to its average volume of 7,703. ProShares Ultra Communication Services has a 52-week low of $21.88 and a 52-week high of $29.38. The company has a market cap of $6.19 million, a PE ratio of 19.19 and a beta of 1.68. The firm has a fifty day moving average of $24.21 and a 200 day moving average of $25.09.

Institutional Trading of ProShares Ultra Communication Services

An institutional investor recently bought a new position in ProShares Ultra Communication Services stock. WealthCare Asset Management LLC acquired a new position in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,007 shares of the exchange traded fund’s stock, valued at approximately $710,000. ProShares Ultra Communication Services accounts for 0.5% of WealthCare Asset Management LLC’s portfolio, making the stock its 24th largest position. WealthCare Asset Management LLC owned about 4.55% of ProShares Ultra Communication Services at the end of the most recent quarter.

About ProShares Ultra Communication Services

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.