ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading 0.2% Higher – Should You Buy?

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price were up 0.2% on Monday . The stock traded as high as $32.17 and last traded at $32.17. 736 shares changed hands during trading, a decline of 83% from the average session volume of 4,360 shares. The stock had previously closed at $32.10.

ProShares Inflation Expectations ETF Price Performance

The company’s 50-day moving average is $32.55 and its 200-day moving average is $32.30.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Large investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its position 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 buying an additional 13,103 shares during the period. Bank of America Corp DE acquired a new stake in ProShares Inflation Expectations ETF in the 4th quarter valued at $54,000. Finally, Cornerstone Planning Group LLC grew its position 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 acquiring an additional 1,168 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.