ProShares Inflation Expectations ETF (NYSEARCA:RINF) Short Interest Up 223.1% in July

ProShares Inflation Expectations ETF (NYSEARCA:RINF) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 2,407 shares, a growth of 223.1% from the July 15th total of 745 shares. Based on an average daily volume of 3,781 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RINF. Cornerstone Planning Group LLC grew its stake in shares of ProShares Inflation Expectations ETF by 467.2% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock worth $46,000 after purchasing an additional 1,168 shares during the period. Bank of America Corp DE acquired a new stake in shares of ProShares Inflation Expectations ETF in the fourth quarter valued at about $54,000. Finally, Jane Street Group LLC lifted its stake in shares of ProShares Inflation Expectations ETF by 9.2% in the second quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after purchasing an additional 1,421 shares during the period.

ProShares Inflation Expectations ETF Stock Performance

Shares of RINF stock traded down $0.11 during trading hours on Thursday, reaching $32.62. 121 shares of the company’s stock were exchanged, compared to its average volume of 4,099. The company’s 50 day moving average is $32.48 and its two-hundred day moving average is $32.34. ProShares Inflation Expectations ETF has a 1 year low of $31.74 and a 1 year high of $33.15.

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.