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

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

ProShares Ultra Communication Services Trading Up 0.2%

NYSEARCA:LTL traded up $0.05 during trading hours on Tuesday, hitting $20.76. 1,491 shares of the company traded hands, compared to its average volume of 13,458. The stock has a market capitalization of $4.36 million, a price-to-earnings ratio of 19.19 and a beta of 1.68. ProShares Ultra Communication Services has a twelve month low of $20.67 and a twelve month high of $29.38. The firm has a 50-day moving average of $24.17 and a 200 day moving average of $25.53.

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.