ProShares Inflation Expectations ETF (NYSEARCA:RINF) Shares Up 0.2% – Should You Buy?

Shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) rose 0.2% during mid-day trading on Monday . The stock traded as high as $33.40 and last traded at $33.35. Approximately 29,112 shares traded hands during mid-day trading, an increase of 356% from the average daily volume of 6,384 shares. The stock had previously closed at $33.29.

ProShares Inflation Expectations ETF Stock Up 0.2 %

The firm has a 50 day simple moving average of $32.53 and a two-hundred day simple moving average of $32.67.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares Inflation Expectations ETF stock. Insigneo Advisory Services LLC acquired a new stake in ProShares Inflation Expectations ETF (NYSEARCA:RINF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,226 shares of the company’s stock, valued at approximately $260,000. Insigneo Advisory Services LLC owned approximately 1.25% of ProShares Inflation Expectations ETF as of its most recent SEC filing.

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.