Rovin Capital UT ADV Buys Shares of 3,258 ProShares Ultra Communication Services (NYSEARCA:LTL)

Rovin Capital UT ADV bought a new position in ProShares Ultra Communication Services (NYSEARCA:LTL) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,258 shares of the exchange traded fund’s stock, valued at approximately $206,000. Rovin Capital UT ADV owned approximately 4.65% of ProShares Ultra Communication Services at the end of the most recent quarter.

Separately, IMC Chicago LLC purchased a new position in shares of ProShares Ultra Communication Services during the first quarter valued at approximately $1,643,000.

ProShares Ultra Communication Services Trading Down 3.1 %

LTL stock traded down $1.81 on Tuesday, hitting $56.78. The company had a trading volume of 1,295 shares, compared to its average volume of 5,865. ProShares Ultra Communication Services has a 12-month low of $33.59 and a 12-month high of $72.80. The stock’s 50-day simple moving average is $60.95 and its 200 day simple moving average is $53.90.

ProShares Ultra Communication Services Profile

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.