ProShares Inflation Expectations ETF (NYSEARCA:RINF) Stock Price Up 0.2% – Here’s Why

ProShares Inflation Expectations ETF (NYSEARCA:RINF) shot up 0.2% during mid-day trading on Monday . The company traded as high as $32.17 and last traded at $32.17. 736 shares changed hands during trading, a decline of 83% from the average daily volume of 4,360 shares. The stock had previously closed at $32.10.

ProShares Inflation Expectations ETF Price Performance

The company’s fifty day moving average is $32.55 and its 200-day moving average is $32.30.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake 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 during the last quarter. Jane Street Group LLC grew its holdings in shares of 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 worth $553,000 after acquiring an additional 1,421 shares during the period. Finally, Bank of America Corp DE purchased a new stake in ProShares Inflation Expectations ETF during the fourth quarter valued at $54,000.

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.