Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: RINF in Focus ProShares Inflation Expectations ETF seeks to mitigate the risk of rising rates through a built-in interest rate hedge using U.S. Treasury futures. For investors seeking momentum, Inflation Expectations ETF RINF is probably on radar. As such, RINF is gaining strength on further rate hike expectations.