ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,239 shares, an increase of 876.9% from the June 15th total of 741 shares. Based on an average trading volume of 6,476 shares, the short-interest ratio is currently 1.1 days. Approximately 1.3% of the company’s stock are sold short.
Institutional Trading of ProShares Inflation Expectations ETF
A number of institutional investors have recently modified their holdings of RINF. Jane Street Group LLC grew its holdings in shares of ProShares Inflation Expectations ETF by 155.1% during the fourth quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock worth $694,000 after buying an additional 13,103 shares in the last quarter. Bank of America Corp DE acquired a new stake in ProShares Inflation Expectations ETF in the 4th quarter valued at approximately $54,000. Finally, Cornerstone Planning Group LLC lifted its stake in 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 valued at $46,000 after acquiring an additional 1,168 shares in the last quarter.
ProShares Inflation Expectations ETF Trading Up 0.1%
RINF traded up $0.03 during trading on Friday, hitting $32.40. The company had a trading volume of 303 shares, compared to its average volume of 4,308. ProShares Inflation Expectations ETF has a one year low of $31.74 and a one year high of $33.35. The firm’s 50-day moving average price is $32.56 and its 200 day moving average price is $32.29.
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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