Is It Time To Ring Up This Telephone ETF?

In a market environment like this, investors looking to stash some cash in safe, high-yielding instruments could do a lot worse than the telecom sector. It is certainly noteworthy that in the past month, while the Dow Jones Industrial Average and the S&P 500 are both down about 4%, the shares of AT&T

, CenturyLink

and Verizon

are all positive. All of those stocks and others in the telecom space are backed my juicy dividend yields, making this sector a good bet for some outperformance in a trying environment such as this one. For the trader looking to turn a boring sector into something a little more exciting, there is the ProShares Ultra Telecommunications ETF

, which is a doubled leveraged play on the Dow Jones Telecommunications. The yield on LTL is decent at almost 2.5% and a bullish ascending triangle formation can be spotted on the chart. LTL is trading above both its 50- and 200-day moving averages and if resistance at $42 is broken, LTL could find its way into the 50s. The downside here is thin volume and a high expense ratio of 0.95%.