ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 684 shares, a decrease of 73.0% from the October 15th total of 2,535 shares. Based on an average daily volume of 2,499 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of ProShares Inflation Expectations ETF
Several institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC increased its position in ProShares Inflation Expectations ETF by 33.4% during the 2nd quarter. Citadel Advisors LLC now owns 17,909 shares of the company’s stock worth $576,000 after buying an additional 4,483 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of ProShares Inflation Expectations ETF during the third quarter worth $229,000. Finally, Harbour Investments Inc. bought a new stake in shares of ProShares Inflation Expectations ETF in the third quarter valued at about $60,000.
ProShares Inflation Expectations ETF Price Performance
Shares of NYSEARCA RINF traded up $0.12 during trading hours on Friday, reaching $32.24. 1,755 shares of the stock were exchanged, compared to its average volume of 4,052. ProShares Inflation Expectations ETF has a 52 week low of $31.74 and a 52 week high of $33.09. The stock’s fifty day simple moving average is $32.56 and its 200 day simple moving average is $32.43.
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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