Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Grows By 771.4%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,806 shares, a growth of 771.4% from the February 26th total of 322 shares. Based on an average daily volume of 4,766 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 4,766 shares, the days-to-cover ratio is currently 0.6 days.

ProShares Inflation Expectations ETF Stock Down 0.3%

Shares of ProShares Inflation Expectations ETF stock opened at $32.00 on Wednesday. ProShares Inflation Expectations ETF has a 52 week low of $31.53 and a 52 week high of $33.35. The business’s fifty day simple moving average is $32.16 and its 200-day simple moving average is $32.31.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake in ProShares Inflation Expectations ETF by 467.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock worth $46,000 after buying an additional 1,168 shares during the period. Jane Street Group LLC raised its stake in shares of ProShares Inflation Expectations ETF by 9.2% in the 2nd quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after acquiring an additional 1,421 shares during the period. Bank of America Corp DE acquired a new position in shares of ProShares Inflation Expectations ETF in the 4th quarter worth approximately $54,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of ProShares Inflation Expectations ETF in the 3rd quarter worth approximately $227,000.

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.