ProShares Inflation Expectations ETF (NYSEARCA:RINF) Stock Price Up 0.3%

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price rose 0.3% during trading on Wednesday . The company traded as high as $32.89 and last traded at $32.86. Approximately 6,317 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 7,337 shares. The stock had previously closed at $32.75.

ProShares Inflation Expectations ETF Trading Up 0.3 %

The firm’s 50 day simple moving average is $33.02 and its two-hundred day simple moving average is $32.65.

Hedge Funds Weigh In On ProShares Inflation Expectations ETF

An institutional investor recently raised its position in ProShares Inflation Expectations ETF stock. Hilltop Holdings Inc. lifted its stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,075 shares of the company’s stock after purchasing an additional 425 shares during the quarter. Hilltop Holdings Inc. owned about 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.