ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report)’s stock price were down 0.1% during mid-day trading on Thursday . The company traded as low as $32.89 and last traded at $32.90. Approximately 214 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 4,081 shares. The stock had previously closed at $32.94.
ProShares Inflation Expectations ETF Stock Performance
The company has a 50-day moving average of $32.55 and a 200 day moving average of $32.39.
Institutional Investors Weigh In On ProShares Inflation Expectations ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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. Jane Street Group LLC boosted its position 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 last quarter. Finally, Citadel Advisors LLC grew its stake in ProShares Inflation Expectations ETF by 33.4% during the 2nd quarter. Citadel Advisors LLC now owns 17,909 shares of the company’s stock valued at $576,000 after acquiring an additional 4,483 shares in 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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