ProShares - Inflation Expectations ETF (RINF)
ProShares - Inflation Expectations ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Bethesda, MD, US. The stock last traded at $32.73, up 0.15% on the session, giving a market capitalisation of $18.0M. Its beta of -0.98 implies it has historically moved less than the broad market.
Typically, this fund commits a minimum of 80% of its total assets to the securities that constitute its underlying index. This benchmark, in turn, is designed to mirror the performance derived from two key strategies: (i) maintaining a long position in recently issued 30-year Treasury Inflation-Protected Securities (TIPS) and (ii) holding a duration-adjusted short position in U.S. Treasury bonds. The aggregate dollar duration of these short positions is approximately equivalent to that of the TIPS. It's important to note that the fund operates as a non-diversified entity.
ProShares - Inflation Expectations ETF is most often compared with the following Financial Services names: