ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 745 shares, a decline of 89.7% from the June 30th total of 7,239 shares. Based on an average daily volume of 3,765 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.
ProShares Inflation Expectations ETF Price Performance
Shares of ProShares Inflation Expectations ETF stock traded down $0.03 during mid-day trading on Friday, hitting $32.48. 3,608 shares of the stock were exchanged, compared to its average volume of 4,264. ProShares Inflation Expectations ETF has a twelve month low of $31.74 and a twelve month high of $33.23. The company has a 50-day simple moving average of $32.53 and a 200 day simple moving average of $32.31.
Hedge Funds Weigh In On ProShares Inflation Expectations ETF
Several institutional investors and hedge funds have recently modified their holdings of RINF. 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 worth $694,000 after acquiring an additional 13,103 shares during the period. Bank of America Corp DE purchased a new position in shares of ProShares Inflation Expectations ETF during the 4th quarter worth $54,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of ProShares Inflation Expectations ETF by 467.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock worth $46,000 after purchasing an additional 1,168 shares during the period.
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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