ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 684 shares, a decline of 73.0% from the October 15th total of 2,535 shares. Based on an average daily volume of 2,499 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.
ProShares Inflation Expectations ETF Stock Performance
NYSEARCA RINF traded up $0.12 during trading on Friday, reaching $32.24. The company’s stock had a trading volume of 1,755 shares, compared to its average volume of 4,052. ProShares Inflation Expectations ETF has a 12 month low of $31.74 and a 12 month high of $33.09. The firm has a 50 day moving average price of $32.56 and a 200 day moving average price of $32.43.
Institutional Investors Weigh In On ProShares Inflation Expectations ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC boosted its stake in shares of ProShares Inflation Expectations ETF by 33.4% in the second quarter. Citadel Advisors LLC now owns 17,909 shares of the company’s stock valued at $576,000 after buying an additional 4,483 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in ProShares Inflation Expectations ETF during the third quarter worth approximately $229,000. Finally, Harbour Investments Inc. acquired a new stake in ProShares Inflation Expectations ETF during the third quarter worth approximately $60,000.
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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