ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading Up 0.1%

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $33.15 and last traded at $33.11. 1,886 shares changed hands during trading, a decline of 79% from the average session volume of 8,961 shares. The stock had previously closed at $33.07.

ProShares Inflation Expectations ETF Price Performance

The stock’s 50-day moving average price is $32.50 and its 200-day moving average price is $33.01.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

A number of hedge funds have recently bought and sold shares of the company. IHT Wealth Management LLC grew its holdings in ProShares Inflation Expectations ETF by 0.4% during the 4th quarter. IHT Wealth Management LLC now owns 84,846 shares of the company’s stock worth $2,797,000 after acquiring an additional 324 shares during the period. Hilltop Holdings Inc. boosted its position in shares of ProShares Inflation Expectations ETF by 3.6% during the 4th quarter. Hilltop Holdings Inc. now owns 12,075 shares of the company’s stock valued at $380,000 after purchasing an additional 425 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in ProShares Inflation Expectations ETF by 5.8% during the third quarter. Commonwealth Equity Services LLC now owns 16,512 shares of the company’s stock worth $560,000 after purchasing an additional 903 shares during the period. UBS Group AG increased its holdings in ProShares Inflation Expectations ETF by 22.0% in the first quarter. UBS Group AG now owns 5,237 shares of the company’s stock worth $168,000 after purchasing an additional 945 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in ProShares Inflation Expectations ETF in the fourth quarter valued at approximately $36,000.

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.