ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Up 0.4% – Here’s What Happened

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price rose 0.4% on Monday . The stock traded as high as $32.87 and last traded at $32.83. Approximately 3,429 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 6,108 shares. The stock had previously closed at $32.71.

ProShares Inflation Expectations ETF Stock Up 0.4 %

The stock has a fifty day moving average of $33.02 and a two-hundred day moving average of $32.89.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

An institutional investor recently bought a new position in ProShares Inflation Expectations ETF stock. Bank of America Corp DE bought a new stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,646 shares of the company’s stock, valued at approximately $54,000. Bank of America Corp DE owned 0.25% of ProShares Inflation Expectations ETF as of its most recent filing with the Securities and Exchange Commission.

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.