Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Sees Significant Decline in Short Interest

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 7,715 shares, a drop of 97.4% from the May 31st total of 297,678 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 359,933 shares, the short-interest ratio is presently 0.0 days.

Horizon Kinetics Inflation Beneficiaries ETF Stock Performance

Shares of INFL traded up $0.57 during midday trading on Friday, hitting $48.89. The company had a trading volume of 301,589 shares, compared to its average volume of 317,226. Horizon Kinetics Inflation Beneficiaries ETF has a 1 year low of $40.94 and a 1 year high of $55.17. The firm has a market capitalization of $1.40 billion, a P/E ratio of -2,119.39 and a beta of 0.68. The company’s 50-day simple moving average is $51.97 and its 200-day simple moving average is $50.39.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in INFL. Copia Wealth Management grew its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 1.4% during the 4th quarter. Copia Wealth Management now owns 15,803 shares of the company’s stock worth $703,000 after acquiring an additional 217 shares in the last quarter. IFP Advisors Inc raised its holdings 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 purchasing an additional 375 shares in the last quarter. Principia Wealth Advisory LLC raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 5.1% during the 4th quarter. Principia Wealth Advisory LLC now owns 9,655 shares of the company’s stock worth $429,000 after acquiring an additional 465 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% during the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock worth $506,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Waterloo Capital L.P. lifted its stake in Horizon Kinetics Inflation Beneficiaries ETF by 1.9% during the fourth quarter. Waterloo Capital L.P. now owns 100,041 shares of the company’s stock worth $4,448,000 after purchasing an additional 1,845 shares during the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Company Profile

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.