Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Expands By 362.0%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,349 shares, an increase of 362.0% from the January 15th total of 292 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,781 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 2,781 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

ProShares Inflation Expectations ETF Stock Performance

Shares of RINF stock traded up $0.01 on Friday, reaching $32.18. 1,597 shares of the stock were exchanged, compared to its average volume of 2,747. The business’s 50 day moving average price is $32.31 and its 200 day moving average price is $32.46. ProShares Inflation Expectations ETF has a twelve month low of $31.53 and a twelve month high of $33.47.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

Several institutional investors have recently bought and sold shares of RINF. Jane Street Group LLC boosted its stake in shares of ProShares Inflation Expectations ETF by 155.1% during the 4th quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock worth $694,000 after acquiring an additional 13,103 shares in the last quarter. Cornerstone Planning Group LLC increased 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 valued at $46,000 after acquiring an additional 1,168 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of ProShares Inflation Expectations ETF in the 3rd quarter worth $227,000. Belvedere Trading LLC purchased a new stake in ProShares Inflation Expectations ETF during the second quarter worth approximately $2,675,000. Finally, Bank of America Corp DE acquired a new position in ProShares Inflation Expectations ETF during the 4th quarter worth approximately $54,000.

ProShares Inflation Expectations ETF Company Profile

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.