ProShares Inflation Expectations ETF (NYSEARCA:RINF) Short Interest Update
by Kim Johansen · The Markets DailyProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 298 shares, an increase of 86.3% from the November 30th total of 160 shares. Based on an average trading volume of 2,024 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,024 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On ProShares Inflation Expectations ETF
Several institutional investors have recently modified their holdings of RINF. Bank of America Corp DE purchased a new stake in shares of ProShares Inflation Expectations ETF during the fourth quarter valued at approximately $54,000. Oppenheimer & Co. Inc. bought a new position in ProShares Inflation Expectations ETF in the 3rd quarter valued at $227,000. Jane Street Group LLC increased its position in shares of ProShares Inflation Expectations ETF by 9.2% during the 2nd 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 last quarter. Finally, Belvedere Trading LLC bought a new stake in shares of ProShares Inflation Expectations ETF during the 2nd quarter worth $2,675,000.
ProShares Inflation Expectations ETF Stock Down 0.1%
ProShares Inflation Expectations ETF stock traded down $0.03 during midday trading on Monday, hitting $32.03. 1,474 shares of the stock were exchanged, compared to its average volume of 7,204. ProShares Inflation Expectations ETF has a 52-week low of $31.53 and a 52-week high of $33.67. The business’s 50-day moving average price is $32.36 and its 200-day moving average price is $32.62.
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.