ProShares Ultra Telecommunications Price & Performance (LTL)

The ProShares Ultra Bloomberg Natural Gas ETF (BOIL) has been downgraded from a "Buy" to a "Hold/Accumulate" due to technical weaknesses. Despite its current price of $82.66, analysts suggest cautious accumulation while awaiting further developments. Resistance levels are forecasted, with R1 at $87.82 and R3 at $92.75, indicating potential price growth.1

ProShares Ultra Semiconductors ETF, currently priced at $49.25, is projected to rise by 46.4% over the next year based on historical trends. Analysts rate it a "Buy," with its 52-week high at $85.07. The ETF has shown strong performance in 11 out of the past 18 years, corresponding to a 61.11% success rate.2

The ProShares UltraPro QQQ ETF experienced a 14.2% increase in short interest as of February, reaching 27.89 million shares. Currently, 9.08% of its float is sold short, signaling mixed investor sentiment. The rise in short interest may indicate bearish views, though it remains below the 10% threshold associated with strong pessimism.3