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

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s stock price shot up 0.2% on Monday . The company traded as high as $33.17 and last traded at $33.17. 4,359 shares were traded during trading, a decline of 40% from the average session volume of 7,260 shares. The stock had previously closed at $33.10.

ProShares Inflation Expectations ETF Stock Up 0.2 %

The firm’s fifty day simple moving average is $33.07 and its 200-day simple moving average is $32.67.

Institutional Trading of ProShares Inflation Expectations ETF

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Insigneo Advisory Services LLC purchased a new stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,226 shares of the company’s stock, valued at approximately $260,000. Insigneo Advisory Services LLC owned 1.25% of ProShares Inflation Expectations ETF at the end of the most recent reporting period.

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.