IMC Chicago LLC Lowers Position in ProShares Ultra Communication Services $LTL

IMC Chicago LLC trimmed its holdings in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) by 71.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,261 shares of the exchange traded fund’s stock after selling 162,002 shares during the quarter. IMC Chicago LLC owned 21.09% of ProShares Ultra Communication Services worth $1,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthCare Asset Management LLC acquired a new position in ProShares Ultra Communication Services in the fourth quarter valued at about $710,000. Susquehanna International Group LLP raised its stake in shares of ProShares Ultra Communication Services by 11.7% in the 3rd quarter. Susquehanna International Group LLP now owns 5,777 shares of the exchange traded fund’s stock valued at $675,000 after acquiring an additional 607 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ProShares Ultra Communication Services in the 3rd quarter valued at approximately $99,000. Finally, Citadel Advisors LLC acquired a new position in shares of ProShares Ultra Communication Services in the 3rd quarter worth approximately $347,000.

ProShares Ultra Communication Services Stock Performance

NYSEARCA:LTL opened at $25.37 on Thursday. The stock has a market capitalization of $6.85 million, a P/E ratio of 19.19 and a beta of 1.68. The company has a 50 day moving average price of $25.12 and a 200 day moving average price of $26.41. ProShares Ultra Communication Services has a fifty-two week low of $21.88 and a fifty-two week 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.