ProShares Inflation Expectations ETF (NYSEARCA:RINF) Sees Significant Increase in Short Interest

ProShares Inflation Expectations ETF (NYSEARCA:RINF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 7,239 shares, an increase of 876.9% from the June 15th total of 741 shares. Based on an average trading volume of 6,476 shares, the short-interest ratio is currently 1.1 days. Currently, 1.3% of the shares of the stock are short sold.

ProShares Inflation Expectations ETF Trading Up 0.1%

NYSEARCA RINF opened at $32.40 on Friday. The firm’s 50 day simple moving average is $32.56 and its 200 day simple moving average is $32.29. ProShares Inflation Expectations ETF has a 1 year low of $31.74 and a 1 year high of $33.35.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in shares of ProShares Inflation Expectations ETF by 155.1% in the 4th quarter. Jane Street Group LLC now owns 21,552 shares of the company’s stock valued at $694,000 after purchasing an additional 13,103 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of ProShares Inflation Expectations ETF during the 4th quarter worth $54,000. Finally, Cornerstone Planning Group LLC raised 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 worth $46,000 after buying an additional 1,168 shares in 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.