ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Up 0.4% – Here’s Why

ProShares Inflation Expectations ETF (NYSEARCA:RINFGet Free Report) shares traded up 0.4% on Monday . The company traded as high as $32.87 and last traded at $32.83. 3,429 shares changed hands during mid-day 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 Price Performance

The business’s 50-day simple moving average is $33.01 and its two-hundred day simple moving average is $32.90.

ProShares Inflation Expectations ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Wednesday, March 26th will be paid a dividend of $0.2441 per share. The ex-dividend date is Wednesday, March 26th.

Institutional Trading of ProShares Inflation Expectations ETF

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Bank of America Corp DE purchased a new position in ProShares Inflation Expectations ETF (NYSEARCA:RINFFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent filing with the Securities and Exchange Commission.

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.

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