ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 745 shares, a drop of 89.7% from the June 30th total of 7,239 shares. Based on an average daily volume of 3,765 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are sold short.
ProShares Inflation Expectations ETF Stock Performance
Shares of NYSEARCA:RINF traded down $0.03 during midday trading on Friday, hitting $32.48. 3,608 shares of the stock were exchanged, compared to its average volume of 4,264. The business’s 50-day moving average price is $32.54 and its 200 day moving average price is $32.31. ProShares Inflation Expectations ETF has a 12 month low of $31.74 and a 12 month high of $33.23.
Institutional Investors Weigh In On ProShares Inflation Expectations ETF
Several hedge funds have recently added to or reduced their stakes in RINF. Jane Street Group LLC lifted its stake in shares of ProShares Inflation Expectations ETF by 155.1% in the fourth quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock worth $694,000 after acquiring an additional 13,103 shares during the period. Bank of America Corp DE acquired a new stake in ProShares Inflation Expectations ETF during the 4th quarter valued at approximately $54,000. Finally, Cornerstone Planning Group LLC increased its position in ProShares Inflation Expectations ETF by 467.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock valued at $46,000 after purchasing an additional 1,168 shares during the period.
About ProShares Inflation Expectations ETF
The ProShares Inflation Expectations ETF (RINF) is an exchange-traded fund that mostly invests in spreads alternatives. The fund tracks an index with long exposure to US TIPS and short exposure to US Treasurys of equal maturity, gaining when yields on Treasurys increase relative to those on TIPS. RINF was launched on Jan 10, 2012 and is managed by ProShares.
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