ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Down 0.2% – Time to Sell?

Shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) traded down 0.2% during mid-day trading on Monday . The company traded as low as $32.55 and last traded at $32.66. 5,886 shares changed hands during trading, a decline of 38% from the average session volume of 9,507 shares. The stock had previously closed at $32.72.

ProShares Inflation Expectations ETF Stock Performance

The business has a 50-day simple moving average of $33.15 and a 200-day simple moving average of $32.83.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Bank of America Corp DE bought a new stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,646 shares of the company’s stock, valued at approximately $54,000. Bank of America Corp DE owned about 0.25% of ProShares Inflation Expectations ETF as of its most recent filing with the Securities & Exchange Commission.

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.