ProShares Inflation Expectations ETF (NYSEARCA:RINF) Short Interest Update

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

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC lifted its holdings in shares of ProShares Inflation Expectations ETF by 467.2% during 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 last quarter. Bank of America Corp DE bought a new stake in shares of ProShares Inflation Expectations ETF in the 4th quarter valued at approximately $54,000. Finally, Jane Street Group LLC increased 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 worth $553,000 after buying an additional 1,421 shares during the last quarter.

ProShares Inflation Expectations ETF Trading Up 0.2%

Shares of ProShares Inflation Expectations ETF stock opened at $32.75 on Friday. ProShares Inflation Expectations ETF has a twelve month low of $31.74 and a twelve month high of $33.15. The business’s fifty day moving average price is $32.48 and its 200 day moving average price is $32.34.

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.