ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading 0.3% Higher

Posted by Tyrone Williams on Jul 12th, 2024

ProShares Inflation Expectations ETF (NYSEARCA:RINF – Get Free Report) shot up 0.3% during mid-day trading on Wednesday . The company traded as high as $32.89 and last traded at $32.86. 6,317 shares were traded during trading, a decline of 14% from the average session volume of 7,337 shares. The stock had previously closed at $32.75.

ProShares Inflation Expectations ETF Trading Up 0.3 %

The company has a 50-day moving average price of $33.02 and a 200-day moving average price of $32.65.

Institutional Trading of ProShares Inflation Expectations ETF

An institutional investor recently raised its position in ProShares Inflation Expectations ETF stock. Hilltop Holdings Inc. increased its stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF – Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,075 shares of the company’s stock after acquiring an additional 425 shares during the quarter. Hilltop Holdings Inc. owned about 1.17% of ProShares Inflation Expectations ETF worth $380,000 at the end of the most recent quarter.

About ProShares Inflation Expectations ETF

(Get Free Report)

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.