ProShares Ultra Communication Services (NYSEARCA:LTL) Shares Shorted: Short Interest Up 434.3% in October

ProShares Ultra Communication Services (NYSEARCA:LTL) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 52,624 shares, an increase of 434.3% from the September 30th total of 9,849 shares. Currently, 25.1% of the shares of the company are short sold. Based on an average trading volume of 47,244 shares, the short-interest ratio is currently 1.1 days.

ProShares Ultra Communication Services Stock Up 0.2%

LTL stock traded up $0.05 during mid-day trading on Tuesday, reaching $20.76. 1,491 shares of the stock traded hands, compared to its average volume of 13,458. The firm has a market capitalization of $4.36 million, a PE ratio of 19.19 and a beta of 1.68. The business has a 50-day moving average of $24.17 and a two-hundred day moving average of $25.53. ProShares Ultra Communication Services has a 52 week low of $20.67 and a 52 week high of $29.38.

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.