Shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) dropped 0.1% on Monday . The stock traded as low as $32.50 and last traded at $32.50. Approximately 432 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 7,882 shares. The stock had previously closed at $32.54.
ProShares Inflation Expectations ETF Price Performance
The firm’s fifty day moving average is $32.44 and its two-hundred day moving average is $32.75.
Institutional Investors Weigh In On ProShares Inflation Expectations ETF
Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in shares of ProShares Inflation Expectations ETF during the 3rd quarter valued at $227,000. Jane Street Group LLC lifted its holdings in shares of ProShares Inflation Expectations ETF by 9.2% in the second quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after buying an additional 1,421 shares during the period. Belvedere Trading LLC bought a new position in ProShares Inflation Expectations ETF during the second quarter valued at about $2,675,000. LPL Financial LLC grew its holdings in ProShares Inflation Expectations ETF by 3.0% during the first quarter. LPL Financial LLC now owns 53,941 shares of the company’s stock worth $1,765,000 after acquiring an additional 1,547 shares during the period. Finally, Avantax Advisory Services Inc. bought a new stake in ProShares Inflation Expectations ETF in the first quarter worth about $704,000.
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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