ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 2,407 shares, an increase of 223.1% from the July 15th total of 745 shares. Based on an average daily volume of 3,781 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the shares of the company are sold short.
Institutional Trading of ProShares Inflation Expectations ETF
Several large investors have recently modified their holdings of RINF. 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. Bank of America Corp DE bought a new position in ProShares Inflation Expectations ETF in the 4th quarter worth $54,000. Finally, Jane Street Group LLC lifted its position in ProShares Inflation Expectations ETF by 9.2% during the 2nd 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 during the last quarter.
ProShares Inflation Expectations ETF Stock Up 0.2%
ProShares Inflation Expectations ETF stock traded up $0.08 during trading hours on Friday, reaching $32.75. 472 shares of the company were exchanged, compared to its average volume of 4,076. ProShares Inflation Expectations ETF has a 12 month low of $31.74 and a 12 month high of $33.15. The stock has a 50-day moving average of $32.48 and a 200 day moving average of $32.34.
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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