ProShares Ultra Telecommunications (NYSEARCA:LTL) Trading Up 3.6%

ProShares Ultra Telecommunications (NYSEARCA:LTL)’s stock price were up 3.6% during trading on Monday . The stock traded as high as $37.58 and last traded at $37.58, approximately 100 shares were traded during mid-day trading. A decline of 76% from the average daily volume of 409 shares. The stock had previously closed at $36.26.

The company’s 50 day moving average is $41.45 and its 200 day moving average is $41.00.

A hedge fund recently bought a new stake in ProShares Ultra Telecommunications stock. Citadel Advisors LLC purchased a new stake in ProShares Ultra Telecommunications (NYSEARCA:LTL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,114 shares of the exchange traded fund’s stock, valued at approximately $249,000. Citadel Advisors LLC owned about 24.46% of ProShares Ultra Telecommunications as of its most recent filing with the Securities and Exchange Commission.

About ProShares Ultra Telecommunications (NYSEARCA:LTL)

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.

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