ProShares Ultra Telecommunications ETF (the "Fund") is an open-end management investment company. The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Select Telecommunicationssm Index. The index is a measure of U.S. stock market performance of fixed line (regional and long-distance carriers) and mobile telephone services (cellular, satellite and paging services). As of May 31 2013, the Fund's total assets were $5,199,124 and the Fund's investment portfolio was valued at $4,633,142. We show 37 historical shares outstanding datapoints in our LTL shares outstanding history coverage, used to compute LTL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LTL market cap history over the course of time is important for investors
interested in comparing LTL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LTL versus a peer is one thing; comparing
LTL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LTL can fluctuate over the course of history.
With this page we aim to empower investors researching LTL by allowing them to research the LTL market cap history. |
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Video: The Importance of Market Cap
