Short Interest in ProShares Inflation Expectations ETF (NYSEARCA:RINF) Drops By 16.1%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 322 shares, a drop of 16.1% from the February 12th total of 384 shares. Based on an average trading volume of 3,993 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,993 shares, the short-interest ratio is presently 0.1 days.

ProShares Inflation Expectations ETF Stock Performance

Shares of RINF stock traded up $0.14 during mid-day trading on Wednesday, hitting $32.31. The company’s stock had a trading volume of 372 shares, compared to its average volume of 3,268. The company’s fifty day simple moving average is $32.17 and its 200-day simple moving average is $32.33. ProShares Inflation Expectations ETF has a 52 week low of $31.53 and a 52 week high of $33.35.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC lifted its stake in 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 valued at $46,000 after buying an additional 1,168 shares during the period. Bank of America Corp DE bought a new stake in shares of ProShares Inflation Expectations ETF in the 4th quarter valued at $54,000. Oppenheimer & Co. Inc. bought a new stake in shares of ProShares Inflation Expectations ETF in the 3rd quarter valued at $227,000. Finally, Jane Street Group LLC lifted its position in shares of ProShares Inflation Expectations ETF by 9.2% during the 2nd 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 during the period.

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.