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. Mobile includes cellular, satellite and paging services. The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics. The Fund intends to concentrate its investments in a particular industry or group of industries to approximately the same extent as the Index is so concentrated. ProShare Advisors LLC serves as the investment advisor to the Fund.
Basic Details
Issuer ProShares
Fund NameProShares Ultra Telecommunications
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:LTL
Inception Date3/25/2008
Fund ManagerMichael Neches, Tarak Dave
Phone+1-240-4976400
Fund Focus
Asset ClassEquity
BenchmarkDow Jones US Telecommunications Sector Index
CategorySector
FocusTelecommunications
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$985,685.00
Average Daily Volume$1,432.00
Discount/Premium0.03%
ETF Expenses
Management Fee0.75%
Other Expenses1.60%
Total Expenses2.35%
Fee Waiver-1.40%
Net Expenses0.95%
Administrator, Advisor and Custodian
AdministratorJ.P. Morgan Investor Services Co.
AdvisorProShare Advisors LLC
CustodianJPMorgan Chase Bank, N.A.
DistributorSEI Investments Distribution Co.
Transfer AgentJPMorgan Chase Bank, N.A.
Trustee
Lead Market MakerIMC Chicago
ProShares Ultra Telecommunications (NYSEARCA:LTL) Frequently Asked Questions
What is ProShares Ultra Telecommunications' stock symbol?
ProShares Ultra Telecommunications trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "LTL."
How often does ProShares Ultra Telecommunications pay dividends? What is the dividend yield for ProShares Ultra Telecommunications?
ProShares Ultra Telecommunications declared a quarterly dividend on Tuesday, December 24th. Investors of record on Thursday, December 26th will be paid a dividend of $0.0811 per share on Thursday, January 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Tuesday, December 24th. View ProShares Ultra Telecommunications' Dividend History.
Has ProShares Ultra Telecommunications been receiving favorable news coverage?
News articles about LTL stock have been trending extremely negative this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. ProShares Ultra Telecommunications earned a news impact score of -4.4 on InfoTrie's scale. They also assigned media headlines about the exchange traded fund a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for ProShares Ultra Telecommunications.
Who are ProShares Ultra Telecommunications' key executives?
ProShares Ultra Telecommunications' management team includes the folowing people:
- Michael L. Sapir, Chairman of ProShares Trust (Age 57)
- Louis M. Mayberg, President of ProShares Trust (Age 53)
- Victor M. Frye Esq., Chief Compliance Officer and AML Officer of ProShares Trust (Age 56)
- Simon D. Collier, Treasurer of ProShares Trust (Age 51)
- Gary A. Casagrande, Assistant Treasurer of ProShares Trust (Age 40)
- Charles S. Todd, Assistant Treasurer of ProShares Trust (Age 41)
- Stephenie Adams, Acting Secretary of ProShares Trust (Age 43)
- Gregory Pickard Esq., Assistant Secretary of ProShares Trust (Age 48)
- Russell S. Reynolds III, Trustee of ProShares Trust (Age 55)
- Michael C. Wachs, Trustee of ProShares Trust (Age 51)
How do I buy shares of ProShares Ultra Telecommunications?
Shares of LTL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is ProShares Ultra Telecommunications' stock price today?
One share of LTL stock can currently be purchased for approximately $36.75.
How big of a company is ProShares Ultra Telecommunications?
What is ProShares Ultra Telecommunications' official website?
How can I contact ProShares Ultra Telecommunications?
ProShares Ultra Telecommunications' mailing address is SUITE 1000, 7501 WISCONSIN AVENUE, BETHESDA, MD 20814, United States. The exchange traded fund can be reached via phone at +1-240-4976400.
MarketBeat Community Rating for ProShares Ultra Telecommunications (NYSEARCA LTL)
MarketBeat's community ratings are surveys of what our community members think about ProShares Ultra Telecommunications and other stocks. Vote "Outperform" if you believe LTL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LTL will underperform the S&P 500 over the long term. You may vote once every thirty days.
