Short Interest in Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) Expands By 94.4%

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 95,465 shares, an increase of 94.4% from the August 15th total of 49,119 shares. Based on an average daily trading volume, of 168,514 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

Horizon Kinetics Inflation Beneficiaries ETF Stock Down 2.3%

Shares of NYSEARCA INFL traded down $1.27 during trading on Wednesday, reaching $52.93. 165,372 shares of the company traded hands, compared to its average volume of 261,072. The firm has a 50 day simple moving average of $52.86 and a 200-day simple moving average of $52.32. The stock has a market capitalization of $1.56 billion, a PE ratio of -2,294.52 and a beta of 0.70. Horizon Kinetics Inflation Beneficiaries ETF has a 52-week low of $42.22 and a 52-week high of $56.28.

Horizon Kinetics Inflation Beneficiaries ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 24th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.0%. This is a positive change from Horizon Kinetics Inflation Beneficiaries ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Wednesday, June 24th. Horizon Kinetics Inflation Beneficiaries ETF’s payout ratio is currently -1,777.35%.

Institutional Investors Weigh In On Horizon Kinetics Inflation Beneficiaries ETF

Large investors have recently added to or reduced their stakes in the stock. Copia Wealth Management grew its stake in shares of 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 valued at $703,000 after acquiring an additional 217 shares during the period. Principia Wealth Advisory LLC raised its stake in Horizon Kinetics Inflation Beneficiaries ETF by 4.1% during the 2nd quarter. Principia Wealth Advisory LLC now owns 8,465 shares of the company’s stock worth $422,000 after acquiring an additional 330 shares during the period. NBH Bank bought a new stake in Horizon Kinetics Inflation Beneficiaries ETF during the 2nd quarter worth approximately $71,000. Waterloo Capital L.P. lifted its holdings 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 valued at $4,448,000 after purchasing an additional 1,845 shares in the last quarter. Finally, Longview Financial Advisors Inc. lifted its holdings in Horizon Kinetics Inflation Beneficiaries ETF by 2.5% during the first quarter. Longview Financial Advisors Inc. now owns 177,208 shares of the company’s stock valued at $9,225,000 after purchasing an additional 4,295 shares in 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.