ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 745 shares, a drop 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. Approximately 0.1% of the shares of the company are short sold.
ProShares Inflation Expectations ETF Stock Performance
ProShares Inflation Expectations ETF stock traded down $0.03 during mid-day trading on Friday, reaching $32.48. The company’s stock had a trading volume of 3,608 shares, compared to its average volume of 4,264. The business has a 50 day moving average price of $32.53 and a 200-day moving average price of $32.31. ProShares Inflation Expectations ETF has a twelve month low of $31.74 and a twelve month high of $33.23.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Bank of America Corp DE bought a new stake in shares of ProShares Inflation Expectations ETF during the 4th quarter valued at about $54,000. Jane Street Group LLC raised its stake in ProShares Inflation Expectations ETF by 9.2% during 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 during the period. Finally, Cornerstone Planning Group LLC lifted its holdings 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 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.
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