Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Expands By 876.9%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 7,239 shares, a growth of 876.9% from the June 15th total of 741 shares. Based on an average trading volume of 6,476 shares, the short-interest ratio is presently 1.1 days. Approximately 1.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC boosted its position 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 worth $46,000 after buying an additional 1,168 shares during the period. Bank of America Corp DE acquired a new stake in shares of ProShares Inflation Expectations ETF in the fourth quarter valued at about $54,000. Finally, Jane Street Group LLC grew its stake 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 buying an additional 1,421 shares in the last quarter.

ProShares Inflation Expectations ETF Price Performance

Shares of RINF stock opened at $32.40 on Monday. The company’s fifty day simple moving average is $32.56 and its 200-day simple moving average is $32.29. ProShares Inflation Expectations ETF has a 52 week low of $31.74 and a 52 week high of $33.35.

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.