ProShares UltraShort Communication Services Select Sector
YCOM
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 UltraShort Communication Services Select Sector (YCOM) seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the S&P Communication Services Select Sector Index. The fund invests principally in derivatives, including swap agreements and futures contracts, as well as money market instruments, to achieve its leveraged inverse exposure to the communication services sector, which encompasses companies engaged in telecommunications, media, entertainment, and internet services. It provides sophisticated investors with a tool for short-term tactical trading and hedging strategies against declines in the underlying index constituents, such as major firms in telecom, media, and interactive media. Launched in 2018 by ProShare Advisors LLC, a subsidiary of ProShares, which was founded in 1997 and is headquartered in Bethesda, Maryland, the ETF trades on NYSE Arca and targets institutional and retail investors seeking leveraged inverse exposure to U.S. communication services equities. ProShares operates globally through its ETF offerings listed on major U.S. exchanges, with no direct international subsidiaries noted for this specific fund. The firm maintains a broad lineup of over 140 leveraged and inverse ETFs across various asset classes, including equities, fixed income, commodities, and cryptocurrencies. In recent years, ProShares has undertaken several strategic adjustments to its ETF portfolio, including the liquidation of related communication services products such as UltraPro Communication Services Select Sector (UCOM) and UltraPro Short Communication Services Select Sector (SCOM) in October 2020 amid low assets and ongoing product reviews. The company continued portfolio optimizations with closures of other underperforming ETFs in 2022 and 2024, reflecting a focus on high-conviction offerings. Most notably, in November 2025, ProShares announced forward and reverse share splits for multiple ETFs, including leveraged communication services funds like LTL (Ultra Communication Services), effective November 20, 2025, to enhance liquidity and share prices, though YCOM was not specifically listed among them.