ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading Down 0.7% – Should You Sell?

ProShares Inflation Expectations ETF (NYSEARCA:RINF) traded down 0.7% during trading on Monday . The stock traded as low as $32.69 and last traded at $32.91. 7,871 shares were traded during mid-day trading, an increase of 22% from the average session volume of 6,430 shares. The stock had previously closed at $33.15.

ProShares Inflation Expectations ETF Stock Down 0.7 %

The stock has a fifty day moving average of $33.04 and a 200-day moving average of $32.63.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Insigneo Advisory Services LLC bought a new position in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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 as of its most recent filing with the SEC.

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.