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

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

ProShares Ultra Communication Services Select Sector Stock Down 3.0%

ProShares Ultra Communication Services Select Sector stock opened at $27.56 on Friday. The stock has a 50-day moving average price of $25.29 and a 200 day moving average price of $39.97. ProShares Ultra Communication Services Select Sector has a 52 week low of $18.98 and a 52 week high of $29.48.

ProShares Ultra Communication Services Select Sector Company Profile

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.