ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Down 0.6%

ProShares Inflation Expectations ETF (NYSEARCA:RINF) shares were down 0.6% on Tuesday . The company traded as low as $32.95 and last traded at $32.97. Approximately 10,453 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 8,515 shares. The stock had previously closed at $33.18.

ProShares Inflation Expectations ETF Stock Down 0.6 %

The business has a 50 day moving average of $32.75 and a two-hundred day moving average of $32.89.

Institutional Investors Weigh In On ProShares Inflation Expectations ETF

A hedge fund recently raised its stake in ProShares Inflation Expectations ETF stock. Hilltop Holdings Inc. boosted its holdings in ProShares Inflation Expectations ETF (NYSEARCA:RINF) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,075 shares of the company’s stock after acquiring an additional 425 shares during the period. Hilltop Holdings Inc. owned 1.17% of ProShares Inflation Expectations ETF worth $380,000 as of its most recent filing with the Securities and Exchange Commission.

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.