ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Down 0.1% – Here’s What Happened

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price fell 0.1% on Thursday . The stock traded as low as $32.89 and last traded at $32.90. Approximately 214 shares changed hands during trading, a decline of 95% from the average session volume of 4,081 shares. The stock had previously closed at $32.94.

ProShares Inflation Expectations ETF Price Performance

The firm has a fifty day moving average of $32.55 and a 200 day moving average of $32.39.

Institutional Trading of ProShares Inflation Expectations ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its holdings 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 during the period. Bank of America Corp DE purchased a new position in ProShares Inflation Expectations ETF during the fourth quarter worth about $54,000. Finally, Citadel Advisors LLC boosted its holdings in ProShares Inflation Expectations ETF by 33.4% in the 2nd quarter. Citadel Advisors LLC now owns 17,909 shares of the company’s stock valued at $576,000 after purchasing an additional 4,483 shares during the last quarter.

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.