IMC Chicago LLC boosted its holdings in shares of ProShares Ultra Communication Services (NYSEARCA:LTL – Free Report) by 100.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,391 shares of the exchange traded fund’s stock after purchasing an additional 21,191 shares during the quarter. IMC Chicago LLC owned approximately 28.26% of ProShares Ultra Communication Services worth $4,950,000 at the end of the most recent reporting period.
Separately, EverSource Wealth Advisors LLC raised its stake in shares of ProShares Ultra Communication Services by 175.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,750 shares of the exchange traded fund’s stock worth $274,000 after buying an additional 1,750 shares during the period.
ProShares Ultra Communication Services Stock Performance
ProShares Ultra Communication Services stock opened at $27.41 on Friday. The stock has a market capitalization of $15.08 million, a P/E ratio of 19.19 and a beta of 1.77. The company’s fifty day moving average price is $27.91 and its 200 day moving average price is $27.05. ProShares Ultra Communication Services has a 1 year low of $14.81 and a 1 year high of $29.67.
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.
Read More
- Five stocks we like better than ProShares Ultra Communication Services
- Your Bank Account Is No Longer Safe
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- When to buy gold (mathematically)
- NEW LAW: Congress Approves Setup For Digital Dollar?
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Receive News & Ratings for ProShares Ultra Communication Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra Communication Services and related companies with MarketBeat.com's FREE daily email newsletter.
