ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $32.43 and traded as low as $32.38. ProShares Inflation Expectations ETF shares last traded at $32.38, with a volume of 158 shares trading hands.
ProShares Inflation Expectations ETF Stock Down 0.7%
The company has a fifty day moving average price of $32.67 and a 200-day moving average price of $32.43.
Institutional Investors Weigh In On ProShares Inflation Expectations ETF
An institutional investor recently bought a new stake in ProShares Inflation Expectations ETF stock. Oppenheimer & Co. Inc. acquired a new position in ProShares Inflation Expectations ETF (NYSEARCA:RINF – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,000 shares of the company’s stock, valued at approximately $229,000. Oppenheimer & Co. Inc. owned approximately 1.19% of ProShares Inflation Expectations ETF at the end of the most recent quarter.
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.
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