ProShares Inflation Expectations ETF (NYSEARCA:RINF) Stock Price Down 0.1% – Here’s Why

ProShares Inflation Expectations ETF (NYSEARCA:RINF) shares dropped 0.1% during mid-day trading on Monday . The stock traded as low as $32.69 and last traded at $32.69. Approximately 8,053 shares traded hands during trading, an increase of 27% from the average daily volume of 6,354 shares. The stock had previously closed at $32.74.

ProShares Inflation Expectations ETF Stock Down 0.1 %

The company’s 50 day moving average price is $32.91 and its 200 day moving average price is $32.66.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

An institutional investor recently bought a new position in ProShares Inflation Expectations ETF stock. Insigneo Advisory Services LLC acquired a new stake in ProShares Inflation Expectations ETF (NYSEARCA:RINF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,226 shares of the company’s stock, valued at approximately $260,000. Insigneo Advisory Services LLC owned approximately 1.25% of ProShares Inflation Expectations ETF at the end of the most recent quarter.

ProShares Inflation Expectations ETF Company Profile

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.