ProShares Inflation Expectations ETF (NYSEARCA:RINF) Trading Up 0.4% – Should You Buy?

ProShares Inflation Expectations ETF (NYSEARCA:RINF)’s share price traded up 0.4% on Monday . The stock traded as high as $32.44 and last traded at $32.21. 1,646 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 6,795 shares. The stock had previously closed at $32.08.

ProShares Inflation Expectations ETF Price Performance

The business’s 50-day simple moving average is $32.69 and its 200-day simple moving average is $32.92.

ProShares Inflation Expectations ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were issued a dividend of $0.2441 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Bank of America Corp DE purchased a new position in ProShares Inflation Expectations ETF (NYSEARCA:RINF) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,646 shares of the company’s stock, valued at approximately $54,000. Bank of America Corp DE owned about 0.25% of ProShares Inflation Expectations ETF at the end of the most recent reporting period.

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.