Zurcher Kantonalbank Zurich Cantonalbank Makes New $176,000 Investment in ProShares UltraShort S&P500 (NYSEARCA:SDS)

Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in ProShares UltraShort S&P500 (NYSEARCA:SDS) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,108 shares of the real estate investment trust’s stock, valued at approximately $176,000.

Other hedge funds have also recently modified their holdings of the company. CoreCap Advisors LLC purchased a new stake in ProShares UltraShort S&P500 during the fourth quarter valued at approximately $28,000. Union Bancaire Privee UBP SA acquired a new stake in shares of ProShares UltraShort S&P500 in the first quarter worth $100,000. Financial Sense Advisors Inc. acquired a new stake in shares of ProShares UltraShort S&P500 in the first quarter worth $217,000. Cadent Capital Advisors LLC acquired a new stake in ProShares UltraShort S&P500 during the first quarter valued at $218,000. Finally, Townsquare Capital LLC acquired a new stake in ProShares UltraShort S&P500 during the fourth quarter valued at $295,000.

ProShares UltraShort S&P500 Stock Performance

SDS stock opened at $15.83 on Monday. The firm’s fifty day moving average is $16.86 and its 200 day moving average is $19.18. ProShares UltraShort S&P500 has a one year low of $15.67 and a one year high of $28.31.

About ProShares UltraShort S&P500

ProShares UltraShort S&P500 (the Fund) seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the S&P 500 (the Index). The Index is a measure of large-cap the United States stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 United States operating companies and real estate investment trusts selected through a process that factors criteria, such as liquidity, price, market capitalization and financial viability.