ProShares Inflation Expectations ETF (NYSEARCA:RINF) Stock Short Interest Climbs 150.8%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 7,350 shares, a growth of 150.8% from the August 31st total of 2,931 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 4,757 shares, the short-interest ratio is presently 1.5 days.

ProShares Inflation Expectations ETF Stock Up 0.4%

ProShares Inflation Expectations ETF stock traded up $0.13 during midday trading on Friday, reaching $32.52. The stock had a trading volume of 4,895 shares, compared to its average volume of 4,136. The firm’s fifty day simple moving average is $32.70 and its 200-day simple moving average is $32.48. ProShares Inflation Expectations ETF has a 1-year low of $31.74 and a 1-year high of $33.09.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

An institutional investor recently raised its position in ProShares Inflation Expectations ETF stock. Citadel Advisors LLC lifted its holdings in ProShares Inflation Expectations ETF (NYSEARCA:RINF) by 33.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,909 shares of the company’s stock after purchasing an additional 4,483 shares during the quarter. Citadel Advisors LLC owned 3.20% of ProShares Inflation Expectations ETF worth $576,000 as of its most recent SEC filing.

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.