ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Down 0.1% – Here’s Why

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s stock price dropped 0.1% on Thursday . The company traded as low as $32.89 and last traded at $32.90. 214 shares changed hands during trading, a decline of 95% from the average daily volume of 4,081 shares. The stock had previously closed at $32.94.

ProShares Inflation Expectations ETF Price Performance

The company’s fifty day moving average is $32.56 and its two-hundred day moving average is $32.39.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE acquired a new position in ProShares Inflation Expectations ETF in the 4th quarter valued at about $54,000. Jane Street Group LLC lifted its position in shares of ProShares Inflation Expectations ETF by 9.2% during the second quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock worth $553,000 after purchasing an additional 1,421 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of ProShares Inflation Expectations ETF by 33.4% in the second quarter. Citadel Advisors LLC now owns 17,909 shares of the company’s stock valued at $576,000 after purchasing an additional 4,483 shares during the period.

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.