ProShares Inflation Expectations ETF (NYSEARCA:RINF) Short Interest Up 223.1% in July

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,407 shares, an increase of 223.1% from the July 15th total of 745 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 3,781 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Several institutional investors and hedge funds have recently made changes to their positions in RINF. Cornerstone Planning Group LLC grew its stake in 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 acquiring an additional 1,168 shares during the last quarter. Bank of America Corp DE acquired a new position in ProShares Inflation Expectations ETF during the fourth quarter worth about $54,000. Finally, Jane Street Group LLC lifted its holdings in shares of 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 purchasing an additional 1,421 shares in the last quarter.

ProShares Inflation Expectations ETF Stock Performance

RINF stock traded down $0.11 during midday trading on Thursday, hitting $32.62. 121 shares of the stock were exchanged, compared to its average volume of 4,099. The stock’s 50-day moving average price is $32.48 and its 200-day moving average price is $32.34. ProShares Inflation Expectations ETF has a fifty-two week low of $31.74 and a fifty-two week high of $33.15.

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.