ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 2,535 shares, an increase of 226.3% from the September 30th total of 777 shares. Based on an average daily volume of 6,269 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the company’s shares are sold short.
ProShares Inflation Expectations ETF Stock Up 0.5%
Shares of ProShares Inflation Expectations ETF stock opened at $32.71 on Thursday. The business has a fifty day simple moving average of $32.69 and a 200 day simple moving average of $32.43. ProShares Inflation Expectations ETF has a 12 month low of $31.74 and a 12 month high of $33.09.
Hedge Funds Weigh In On ProShares Inflation Expectations ETF
An institutional investor recently bought a new position in ProShares Inflation Expectations ETF stock. Oppenheimer & Co. Inc. purchased a new stake in ProShares Inflation Expectations ETF (NYSEARCA:RINF – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $229,000. Oppenheimer & Co. Inc. owned about 1.19% of ProShares Inflation Expectations ETF at the end of the most recent reporting 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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