ProShares Inflation Expectations ETF (NYSEARCA:RINF) Sees Significant Decrease in Short Interest

by · The Markets Daily

ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 777 shares, a decline of 89.4% from the September 15th total of 7,350 shares. Based on an average daily volume of 4,387 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

ProShares Inflation Expectations ETF Price Performance

NYSEARCA RINF traded down $0.02 during trading hours on Friday, hitting $32.58. 18,235 shares of the company were exchanged, compared to its average volume of 4,122. The company has a 50 day moving average of $32.73 and a two-hundred day moving average of $32.52. ProShares Inflation Expectations ETF has a 52-week low of $31.74 and a 52-week high of $33.09.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

An institutional investor recently raised its stake in ProShares Inflation Expectations ETF stock. Citadel Advisors LLC lifted its position in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF – Free Report) by 33.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,909 shares of the company’s stock after purchasing an additional 4,483 shares during the period. Citadel Advisors LLC owned about 3.20% of ProShares Inflation Expectations ETF worth $576,000 at the end of the most recent reporting period.

ProShares Inflation Expectations ETF Company Profile

(Get Free Report)

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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