ProShares Inflation Expectations ETF (NYSEARCA:RINF) Stock Price Up 0.2% – Still a Buy?

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price shot up 0.2% during trading on Monday . The stock traded as high as $32.17 and last traded at $32.17. 736 shares were traded during trading, a decline of 83% from the average session volume of 4,360 shares. The stock had previously closed at $32.10.

ProShares Inflation Expectations ETF Stock Up 0.2%

The stock’s fifty day simple moving average is $32.55 and its two-hundred day simple moving average is $32.30.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

Institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC lifted its holdings in shares of ProShares Inflation Expectations ETF by 467.2% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,418 shares of the company’s stock valued at $46,000 after purchasing an additional 1,168 shares in the last quarter. Bank of America Corp DE bought a new stake in ProShares Inflation Expectations ETF in the 4th quarter worth about $54,000. Finally, Jane Street Group LLC raised its position in ProShares Inflation Expectations ETF by 9.2% in the 2nd quarter. Jane Street Group LLC now owns 16,912 shares of the company’s stock worth $553,000 after buying an additional 1,421 shares during the last 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.