ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading 0.2% Higher – What’s Next?

ProShares Inflation Expectations ETF (NYSEARCA:RINF) traded up 0.2% during mid-day trading on Wednesday . The stock traded as high as $32.24 and last traded at $32.23. 15,874 shares traded hands during trading, an increase of 245% from the average session volume of 4,602 shares. The stock had previously closed at $32.15.

ProShares Inflation Expectations ETF Stock Performance

The company has a fifty day simple moving average of $32.04 and a 200-day simple moving average of $32.23.

Institutional Trading of ProShares Inflation Expectations ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in ProShares Inflation Expectations ETF by 155.1% during the 4th quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock worth $694,000 after buying an additional 13,103 shares during the period. Oppenheimer & Co. Inc. purchased a new position in ProShares Inflation Expectations ETF during the 3rd quarter valued at about $227,000. Bank of America Corp DE purchased a new position in ProShares Inflation Expectations ETF during the 4th quarter valued at about $54,000. Finally, Cornerstone Planning Group LLC grew its stake 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 acquiring an additional 1,168 shares in the last quarter.

ProShares Inflation Expectations ETF Company Profile

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.