Client First Investment Management LLC Invests $747,000 in ProShares Ultra Communication Services (NYSEARCA:LTL)

Client First Investment Management LLC bought a new stake in shares of ProShares Ultra Communication Services (NYSEARCA:LTL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,954 shares of the exchange traded fund’s stock, valued at approximately $747,000. ProShares Ultra Communication Services accounts for about 0.5% of Client First Investment Management LLC’s investment portfolio, making the stock its 17th largest position. Client First Investment Management LLC owned about 11.19% of ProShares Ultra Communication Services as of its most recent filing with the Securities & Exchange Commission.

Separately, Rovin Capital UT ADV lifted its holdings in ProShares Ultra Communication Services by 34.8% in the third quarter. Rovin Capital UT ADV now owns 4,666 shares of the exchange traded fund’s stock valued at $346,000 after acquiring an additional 1,205 shares during the period.

ProShares Ultra Communication Services Stock Performance

ProShares Ultra Communication Services stock opened at $84.30 on Friday. The stock’s 50 day simple moving average is $86.05 and its two-hundred day simple moving average is $75.88. ProShares Ultra Communication Services has a 12 month low of $52.21 and a 12 month high of $94.03.

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.