ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading Up 0.4% – Should You Buy?

ProShares Inflation Expectations ETF (NYSEARCA:RINF) shot up 0.4% on Monday . The company traded as high as $32.87 and last traded at $32.83. 3,429 shares traded hands during trading, a decline of 44% from the average session volume of 6,108 shares. The stock had previously closed at $32.71.

ProShares Inflation Expectations ETF Stock Up 0.4 %

The firm’s fifty day moving average is $33.02 and its 200-day moving average is $32.89.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Bank of America Corp DE bought a new position in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 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.