ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Up 0.1%

Shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $33.15 and last traded at $33.11. 1,886 shares were traded during mid-day trading, a decline of 79% from the average session volume of 8,961 shares. The stock had previously closed at $33.07.

ProShares Inflation Expectations ETF Stock Performance

The firm’s 50-day simple moving average is $32.50 and its 200 day simple moving average is $33.01.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Worth Asset Management LLC bought a new position in shares of ProShares Inflation Expectations ETF in the 1st quarter valued at about $165,000. Envestnet Asset Management Inc. acquired a new position in ProShares Inflation Expectations ETF during the second quarter worth approximately $224,000. LPL Financial LLC raised its stake in ProShares Inflation Expectations ETF by 264.4% in the second quarter. LPL Financial LLC now owns 84,865 shares of the company’s stock valued at $2,621,000 after buying an additional 61,579 shares during the period. Mutual Advisors LLC bought a new stake in ProShares Inflation Expectations ETF in the second quarter valued at approximately $201,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of ProShares Inflation Expectations ETF in the second quarter valued at approximately $573,000.

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.