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

Horizon Kinetics Inflation Beneficiaries ETF (NYSEARCA:INFL) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 41,738 shares, a decrease of 47.2% from the July 15th total of 79,053 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 90,251 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of Horizon Kinetics Inflation Beneficiaries ETF

Several hedge funds and other institutional investors have recently modified their holdings of INFL. Longview Financial Advisors Inc. grew its stake in Horizon Kinetics Inflation Beneficiaries ETF by 5.7% in the second quarter. Longview Financial Advisors Inc. now owns 187,257 shares of the company’s stock valued at $9,340,000 after purchasing an additional 10,049 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.7% during the 1st quarter. Bank of New York Mellon Corp now owns 433,834 shares of the company’s stock worth $22,585,000 after purchasing an additional 38,447 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 275,747 shares of the company’s stock worth $12,260,000 after purchasing an additional 11,460 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Horizon Kinetics Inflation Beneficiaries ETF by 4.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 303,553 shares of the company’s stock valued at $13,496,000 after buying an additional 12,300 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Horizon Kinetics Inflation Beneficiaries ETF by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 12,009 shares of the company’s stock valued at $506,000 after buying an additional 1,028 shares in the last quarter.

Horizon Kinetics Inflation Beneficiaries ETF Trading Up 0.8%

INFL stock traded up $0.40 during midday trading on Friday, reaching $52.76. The company had a trading volume of 63,022 shares, compared to its average volume of 274,678. The company has a 50 day moving average of $50.59 and a two-hundred day moving average of $51.65. The company has a market capitalization of $1.55 billion, a P/E ratio of -2,287.15 and a beta of 0.69. Horizon Kinetics Inflation Beneficiaries ETF has a 1 year low of $41.77 and a 1 year high of $55.17.

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.