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

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 2,806 shares, a growth of 771.4% from the February 26th total of 322 shares. Based on an average trading volume of 4,766 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

A number of hedge funds have recently bought and sold shares of the stock. Cornerstone Planning Group LLC boosted its stake in shares of ProShares Inflation Expectations ETF by 467.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock valued at $46,000 after buying an additional 1,168 shares during the period. Bank of America Corp DE purchased a new stake in shares of ProShares Inflation Expectations ETF during the fourth quarter worth approximately $54,000. Oppenheimer & Co. Inc. purchased a new stake in shares of ProShares Inflation Expectations ETF during the third quarter worth approximately $227,000. Finally, Jane Street Group LLC raised its holdings in ProShares Inflation Expectations ETF by 9.2% in the second quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock valued at $553,000 after acquiring an additional 1,421 shares in the last quarter.

ProShares Inflation Expectations ETF Stock Up 0.0%

Shares of NYSEARCA RINF traded up $0.01 during mid-day trading on Thursday, hitting $31.88. The company had a trading volume of 7,091 shares, compared to its average volume of 4,257. The business’s 50-day simple moving average is $32.15 and its 200 day simple moving average is $32.30. ProShares Inflation Expectations ETF has a 1-year low of $31.53 and a 1-year high of $33.35.

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.