ProShares UltraPro Communication Services Select Sector
UCOM
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- ProShares UltraPro Communication Services Select Sector (UCOM) is an exchange-traded fund managed by ProShare Advisors LLC that seeks daily investment results, before fees and expenses, corresponding to three times (3x) the daily performance of the S&P Communication Services Select Sector Index. The fund employs derivatives such as swaps for synthetic replication to achieve its leveraged exposure to U.S. public equity markets in the communication services sector, including stocks of companies operating in telecommunications, media, entertainment, and interactive media and services; it invests in growth and value stocks across diversified market capitalizations, with a non-diversified portfolio typically concentrated in its top 10 holdings representing over 80% of assets. ProShares Trust - ProShares UltraPro Communication Services Select Sector was formed on January 15, 2019, and is domiciled in the United States with headquarters in Bethesda, Maryland, where parent sponsor ProShares operates globally from 7272 Wisconsin Avenue as a leader in leveraged and inverse ETFs. The ETF targets institutional and retail investors seeking tactical, short-term trading opportunities in the communication services industry group of the S&P 500, amid a competitive leveraged equities segment. Geographically, it focuses exclusively on U.S.-listed securities with no international operations. No active subsidiaries or parent relationships beyond ProShare Advisors LLC and ProShares Trust are specified for this fund. In March 2020, ProShares announced the liquidation and closure of UCOM along with related funds like UltraPro Short Communication Services Select Sector (SCOM), with trading ceasing and portfolios liquidated by late March to early April 2020 due to low assets and operational decisions; despite some outdated listings showing price quotes, the fund is no longer operational or available for investment as of October 2020 per confirmed records. ProShares has since pursued major expansions, including new ETF launches in 2024-2025 such as Ultra S&P 500 Equal Weight (URSP) in September 2025 targeting 2x daily returns, leveraged single-stock ETFs for Coinbase, Nvidia, Palantir, and Tesla in September 2025, Ultra Solana (SLON) and Ultra XRP (UXRP) in August 2025, and a suite of dynamic buffer ETFs in June 2025; the firm strengthened distribution with three key hires as Regional Vice Presidents in September 2025 and manages over $95 billion in assets. No recent partnerships, acquisitions, or name changes specific to UCOM occurred post-liquidation, reflecting ProShares' shift toward innovative crypto-linked and high-income strategies.