ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 777 shares, a drop of 89.4% from the September 15th total of 7,350 shares. Based on an average daily trading volume, of 4,387 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
ProShares Inflation Expectations ETF Stock Down 0.1%
ProShares Inflation Expectations ETF stock traded down $0.02 during trading hours on Friday, reaching $32.58. 18,235 shares of the stock were exchanged, compared to its average volume of 4,122. ProShares Inflation Expectations ETF has a 52-week low of $31.74 and a 52-week high of $33.09. The firm’s 50 day moving average is $32.73 and its 200 day moving average is $32.51.
Institutional Inflows and Outflows
A hedge fund recently raised its position in ProShares Inflation Expectations ETF stock. Citadel Advisors LLC boosted its position in ProShares Inflation Expectations ETF (NYSEARCA:RINF – Free Report) by 33.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,909 shares of the company’s stock after purchasing an additional 4,483 shares during the period. Citadel Advisors LLC owned about 3.20% of ProShares Inflation Expectations ETF worth $576,000 as of its most recent filing with the Securities & Exchange Commission.
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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