ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Down 0.1% – Should You Sell?

ProShares Inflation Expectations ETF (NYSEARCA:RINF) shares fell 0.1% during trading on Monday . The company traded as low as $32.69 and last traded at $32.76. 5,493 shares changed hands during trading, an increase of 36% from the average session volume of 4,049 shares. The stock had previously closed at $32.79.

ProShares Inflation Expectations ETF Price Performance

The firm’s 50-day moving average is $32.42 and its 200-day moving average is $32.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC grew its position 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 worth $46,000 after acquiring an additional 1,168 shares in the last quarter. Bank of America Corp DE purchased a new position in ProShares Inflation Expectations ETF in the fourth quarter worth $54,000. Oppenheimer & Co. Inc. purchased a new position in ProShares Inflation Expectations ETF in the third quarter worth $227,000. Finally, Jane Street Group LLC grew its position in 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 worth $553,000 after acquiring an additional 1,421 shares in the last quarter.

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.