ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading Up 0.4% – Here’s What Happened

ProShares Inflation Expectations ETF (NYSEARCA:RINFGet Free Report) were up 0.4% during mid-day trading on Monday . The stock traded as high as $32.87 and last traded at $32.83. Approximately 3,429 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 6,108 shares. The stock had previously closed at $32.71.

ProShares Inflation Expectations ETF Stock Down 0.5 %

The firm’s 50-day simple moving average is $33.01 and its 200-day simple moving average is $32.90.

ProShares Inflation Expectations ETF Cuts Dividend

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

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Bank of America Corp DE bought a new position in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINFFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

ProShares Inflation Expectations ETF Company Profile

(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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