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

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

ProShares Inflation Expectations ETF Stock Down 0.2 %

The stock has a 50 day moving average price of $33.15 and a 200-day moving average price of $32.83.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

An institutional investor recently bought a new position 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 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,646 shares of the company’s stock, valued at approximately $54,000. Bank of America Corp DE owned approximately 0.25% of ProShares Inflation Expectations ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.