Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Drops By 92.6%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 230 shares, a decline of 92.6% from the March 31st total of 3,105 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

ProShares Inflation Expectations ETF Price Performance

Shares of NYSEARCA:RINF remained flat at $32.26 on Friday. 3,308 shares of the company’s stock were exchanged, compared to its average volume of 4,630. ProShares Inflation Expectations ETF has a 1 year low of $31.74 and a 1 year high of $33.35. The company’s fifty day moving average price is $32.04 and its two-hundred day moving average price is $32.22.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

A number of hedge funds have recently added to or reduced their stakes in RINF. Cornerstone Planning Group LLC raised its holdings in ProShares Inflation Expectations ETF by 467.2% in 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. Bank of America Corp DE bought a new position in shares of ProShares Inflation Expectations ETF in the fourth quarter worth $54,000. Oppenheimer & Co. Inc. acquired a new position in ProShares Inflation Expectations ETF in the third quarter valued at about $227,000. Finally, Jane Street Group LLC raised its stake in ProShares Inflation Expectations ETF by 9.2% in the second quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after purchasing an additional 1,421 shares in the last quarter.

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.