ProShares Inflation Expectations ETF (NYSEARCA:RINF) Sees Large Growth in Short Interest

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 599 shares, a growth of 160.4% from the April 15th total of 230 shares. Based on an average daily trading volume, of 3,573 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

ProShares Inflation Expectations ETF Stock Performance

NYSEARCA:RINF traded up $0.20 during midday trading on Friday, reaching $32.87. The stock had a trading volume of 752 shares, compared to its average volume of 4,324. ProShares Inflation Expectations ETF has a 1-year low of $31.74 and a 1-year high of $33.35. The firm’s fifty day simple moving average is $32.18 and its 200-day simple moving average is $32.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC grew its stake in ProShares Inflation Expectations ETF by 155.1% in the 4th quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock valued at $694,000 after buying an additional 13,103 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in ProShares Inflation Expectations ETF in the 3rd quarter valued at $227,000. Bank of America Corp DE acquired a new position in ProShares Inflation Expectations ETF in the 4th quarter valued at $54,000. Finally, Cornerstone Planning Group LLC grew its stake in ProShares Inflation Expectations ETF by 467.2% in the 4th 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 last quarter.

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.