Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Short Interest Up 2,012.2% in May

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 297,678 shares, an increase of 2,012.2% from the May 14th total of 14,093 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 297,876 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock valued at $22,585,000 after buying an additional 38,447 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock worth $13,496,000 after acquiring an additional 12,300 shares in the last quarter. Captrust Financial Advisors lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock valued at $12,260,000 after acquiring an additional 11,460 shares during the last quarter. Longview Financial Advisors Inc. lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 2.5% in the first quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after acquiring an additional 4,295 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 0.3% in the 3rd quarter. IFP Advisors Inc now owns 110,823 shares of the company’s stock valued at $4,953,000 after acquiring an additional 375 shares during the period.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

INFL traded down $0.42 on Tuesday, hitting $50.16. 685,198 shares of the company were exchanged, compared to its average volume of 319,750. The stock’s fifty day moving average is $52.66 and its 200-day moving average is $49.87. Horizon Kinetics Inflation Beneficiaries ETF has a 12 month low of $40.94 and a 12 month high of $55.17. The company has a market cap of $1.44 billion, a PE ratio of -2,174.44 and a beta of 0.68.

About Horizon Kinetics Inflation Beneficiaries ETF

The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation. INFL was launched on Jan 11, 2021 and is managed by Horizon Kinetics.