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

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

ProShares Inflation Expectations ETF Stock Up 0.2 %

The company has a 50 day moving average of $32.53 and a 200 day moving average of $32.67.

Institutional Trading of ProShares Inflation Expectations ETF

A hedge fund recently bought a new stake in ProShares Inflation Expectations ETF stock. Insigneo Advisory Services LLC bought a new stake in shares of ProShares Inflation Expectations ETF (NYSEARCA:RINF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,226 shares of the company’s stock, valued at approximately $260,000. Insigneo Advisory Services LLC owned 1.25% 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.