ProShares Inflation Expectations ETF (NYSEARCA:RINF) Stock Price Down 0.7% – Here’s Why

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

ProShares Inflation Expectations ETF Stock Up 0.4 %

The company has a fifty day moving average price of $33.05 and a two-hundred day moving average price 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 purchased a new stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) in the second quarter, according to its most recent filing with the SEC. The firm 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 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.