ProShares Inflation Expectations ETF (NYSEARCA:RINF) Sees Significant Growth in Short Interest

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 4,500 shares, an increase of 66.7% from the May 15th total of 2,700 shares. Based on an average daily trading volume, of 11,100 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the stock are sold short.

ProShares Inflation Expectations ETF Stock Up 0.1%

RINF traded up $0.03 during trading on Tuesday, reaching $33.10. 1,217 shares of the stock were exchanged, compared to its average volume of 7,453. ProShares Inflation Expectations ETF has a 1 year low of $30.91 and a 1 year high of $33.67. The business’s 50 day moving average price is $32.75 and its two-hundred day moving average price is $32.87.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

A number of large investors have recently added to or reduced their stakes in RINF. Bank of America Corp DE acquired a new position in ProShares Inflation Expectations ETF during the fourth quarter worth about $54,000. Csenge Advisory Group acquired a new position in shares of ProShares Inflation Expectations ETF during the 1st quarter worth approximately $484,000. Avantax Advisory Services Inc. purchased a new stake in ProShares Inflation Expectations ETF in the 1st quarter valued at approximately $704,000. Finally, LPL Financial LLC grew its holdings in ProShares Inflation Expectations ETF by 3.0% during the 1st quarter. LPL Financial LLC now owns 53,941 shares of the company’s stock valued at $1,765,000 after buying an additional 1,547 shares during 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.