ProShares Ultra Communication Services (NYSEARCA:LTL) Short Interest Up 25.0% in May

ProShares Ultra Communication Services (NYSEARCA:LTL) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 500 shares, an increase of 25.0% from the May 15th total of 400 shares. Based on an average trading volume of 5,600 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Ultra Communication Services stock. Client First Investment Management LLC grew its stake in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) by 204.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,284 shares of the exchange traded fund’s stock after purchasing an additional 18,330 shares during the period. ProShares Ultra Communication Services comprises about 1.5% of Client First Investment Management LLC’s holdings, making the stock its 6th biggest holding. Client First Investment Management LLC owned 30.32% of ProShares Ultra Communication Services worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.

ProShares Ultra Communication Services Stock Down 0.0%

Shares of LTL opened at $90.31 on Friday. The firm has a market cap of $8.13 million, a PE ratio of 19.19 and a beta of 1.72. The company’s fifty day moving average is $82.90 and its two-hundred day moving average is $85.28. ProShares Ultra Communication Services has a fifty-two week low of $59.22 and a fifty-two week high of $98.43.

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.