ProShares Ultra Communication Services Select Sector (BATS:XCOM) Sees Large Growth in Short Interest

ProShares Ultra Communication Services Select Sector (BATS:XCOM – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 810 shares, a growth of 523.1% from the August 31st total of 130 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 957 shares, the short-interest ratio is presently 0.8 days.

ProShares Ultra Communication Services Select Sector Trading Down 3.0%

ProShares Ultra Communication Services Select Sector stock opened at $27.56 on Friday. ProShares Ultra Communication Services Select Sector has a 52-week low of $18.98 and a 52-week high of $29.48. The company’s 50 day moving average is $25.29 and its two-hundred day moving average is $39.97.

About ProShares Ultra Communication Services Select Sector

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Xtera Communications, Inc engages in the provision of optical transport solutions. Its products include NXT and Nu-Wave Optima configuration. The company was founded by Mohammed Islam, Robert A. Lundy, and Hayden H. Harris in 1998 and is headquartered in Allen, TX.

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