ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 599 shares, an increase of 160.4% from the April 15th total of 230 shares. Based on an average daily trading volume, of 3,573 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
ProShares Inflation Expectations ETF Price Performance
Shares of NYSEARCA:RINF opened at $32.67 on Friday. The business’s 50 day simple moving average is $32.16 and its 200-day simple moving average is $32.24. ProShares Inflation Expectations ETF has a 12 month low of $31.74 and a 12 month high of $33.35.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in RINF. Cornerstone Planning Group LLC boosted its position in shares of 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 worth $46,000 after buying an additional 1,168 shares in the last quarter. Jane Street Group LLC grew its stake in ProShares Inflation Expectations ETF by 9.2% in the 2nd quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after acquiring an additional 1,421 shares during the last quarter. Bank of America Corp DE purchased a new position in ProShares Inflation Expectations ETF during the 4th quarter valued at about $54,000. Finally, Oppenheimer & Co. Inc. acquired a new position in ProShares Inflation Expectations ETF during the third quarter worth about $227,000.
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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