ProShares Inflation Expectations ETF (NYSEARCA:RINF) Short Interest Update
by Jessica Moore · The Cerbat GemProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 230 shares, a decrease of 92.6% from the March 31st total of 3,105 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 0.0 days.
ProShares Inflation Expectations ETF Stock Performance
RINF remained flat at $32.26 during trading on Friday. The company’s stock had a trading volume of 3,308 shares, compared to its average volume of 4,630. The firm has a 50-day moving average of $32.04 and a two-hundred day moving average of $32.22. ProShares Inflation Expectations ETF has a 12 month low of $31.74 and a 12 month high of $33.35.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in ProShares Inflation Expectations ETF by 155.1% in the fourth quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock valued at $694,000 after acquiring an additional 13,103 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of ProShares Inflation Expectations ETF in the 3rd quarter valued at about $227,000. Bank of America Corp DE purchased a new position in shares of ProShares Inflation Expectations ETF in the 4th quarter valued at about $54,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of ProShares Inflation Expectations ETF by 467.2% in the fourth 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.
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.