ProShares Ultra Communication Services Select Sector
XCOM
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- IPO Date
- Jan 15, 2019
- Similar Companies
- Business
- ProShares Ultra Communication Services Select Sector (XCOM) is an exchange-traded fund that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Communication Services Select Sector Index. The fund provides leveraged exposure to U.S. communication services companies included in the S&P 500, including diversified telecommunications services; wireless telecommunications services; media; entertainment; and interactive media and services, through investments in equity securities, derivatives such as swap agreements, and money market instruments. Top holdings typically include Meta Platforms Inc., Alphabet Inc. (Classes A and C), Netflix Inc., Walt Disney Co., Comcast Corp., AT&T Inc., Verizon Communications Inc., and Electronic Arts Inc., with concentration in the top 10 holdings comprising approximately 75% of assets. Launched in April 2020 as part of ProShares' introduction of leveraged and inverse ETFs tracking the newly established S&P Communication Services Select Sector, XCOM trades on NYSE Arca and targets sophisticated investors seeking magnified daily returns from sector rotation or short-term tactical strategies. The fund operates primarily in the United States equity markets, serving institutional and retail investors focused on leveraged equity trading, with no direct international geographic operations beyond U.S.-listed securities. ProShares, headquartered in Bethesda, Maryland, manages XCOM as one of its leveraged and inverse ETF offerings, with a net expense ratio of approximately 0.95% (subject to waivers). In recent developments, ProShares has continued expanding its lineup without specific changes to XCOM, including the launch of new single-stock leveraged ETFs targeting 2x daily returns of companies like Coinbase, Nvidia, Palantir, and Tesla in September 2025, and surpassing $100 billion in assets under management in October 2025. Earlier related products like the UltraPro Communication Services Select Sector (UCOM) were liquidated in 2020 as part of ProShares' ETF portfolio reviews, but XCOM has remained active with ongoing quarterly distributions and options availability. The fund maintains its focus on daily leveraged performance amid sector volatility driven by media, telecom, and interactive services leaders.