ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 745 shares, a decrease of 89.7% from the June 30th total of 7,239 shares. Based on an average daily trading volume, of 3,765 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.
Institutional Investors Weigh In On ProShares Inflation Expectations ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its stake in 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 purchasing an additional 13,103 shares during the period. Bank of America Corp DE acquired a new position in ProShares Inflation Expectations ETF in the fourth quarter valued at approximately $54,000. Finally, Cornerstone Planning Group LLC lifted its stake in ProShares Inflation Expectations ETF by 467.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock valued at $46,000 after buying an additional 1,168 shares during the period.
ProShares Inflation Expectations ETF Price Performance
RINF stock traded down $0.03 during midday trading on Friday, hitting $32.48. The stock had a trading volume of 3,608 shares, compared to its average volume of 4,264. ProShares Inflation Expectations ETF has a 1-year low of $31.74 and a 1-year high of $33.23. The business has a fifty day moving average price of $32.54 and a two-hundred day moving average price of $32.31.
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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