Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Declines By 71.5%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 384 shares, a drop of 71.5% from the January 29th total of 1,349 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,864 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 3,864 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

ProShares Inflation Expectations ETF Trading Down 0.6%

NYSEARCA RINF traded down $0.20 during trading hours on Friday, hitting $31.79. The company’s stock had a trading volume of 1,393 shares, compared to its average volume of 3,059. The stock has a fifty day moving average of $32.21 and a 200 day moving average of $32.41. ProShares Inflation Expectations ETF has a twelve month low of $31.53 and a twelve month high of $33.35.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Several large investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. bought a new stake in ProShares Inflation Expectations ETF during the third quarter worth $227,000. Cornerstone Planning Group LLC raised its holdings in shares of 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 purchasing an additional 1,168 shares during the period. Jane Street Group LLC raised its holdings in shares of 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 valued at $694,000 after purchasing an additional 13,103 shares during the period. Finally, Bank of America Corp DE acquired a new stake in ProShares Inflation Expectations ETF in the 4th quarter valued at about $54,000.

ProShares Inflation Expectations ETF Company Profile

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.